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$3 Natural Gas Price Fizzle: Demand Shifts Send Prices Plummeting

Guavy AI Editorial Team
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Natural Gas
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Natural gas futures plummeted Tuesday after briefly topping $3/MMBtu, as fading cooling demand outweighed strong LNG feedgas needs.

The sudden drop in prices was a stark reversal from previous days, when natural gas had been on the rise due to high demand for power generation and liquefied natural gas (LNG) exports.

According to data from NGI's Daily Gas Price Index, October futures fell sharply after reaching an intraday high of $3.00/MMBtu, only to close at a significantly lower price.

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