Natural Gas Bulls Stumble at $3 Hurdle as Shoulder Season Demand Wanes
Natural gas futures prices took a hit on Wednesday after failing to breach the $3.00/MMBtu hurdle, according to the latest data from Natural Gas Intelligence.
The prompt month's charge towards this milestone was short-lived, with prices dipping as fading shoulder season demand weighed on the front of the curve.
Despite a final burst of late-summer heat, the market was unable to sustain momentum, leaving bulls frustrated in their attempts to push prices above $3.00/MMBtu.