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Commodities

New England Natural Gas Prices Plummet Amid Summer Heat

Guavy AI Editorial Team
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Natural Gas
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Natural gas prices in New England plummeted on Thursday for Friday delivery as heat-driven premiums evaporated, according to the Daily Gas Price Index. The losses erased the previous session's weather-driven premiums and reinforced confidence that supplies remain comfortable despite widespread summer heat.

A federal storage report came in modestly above expectations, further supporting the notion that natural gas supplies are ample. At a glance, the Northeast premium has disappeared, storage tops expectations, and heat meets abundant supply.

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