$3 Hurdle Proves Elusive for Natural Gas Futures
Natural gas futures suffered losses on Wednesday as prices failed to breach the $3 hurdle. Despite a late-summer heatwave, fading shoulder season demand weighed heavily on the front of the curve.
The prompt month's charge toward $3.00/MMBtu fell short, leading to deeper losses for natural gas futures. The shoulder season, which typically sees declining demand for natural gas, is taking its toll on prices.