NYMEX Futures Plummet on Surplus Supply
Natural gas prices have cooled down as supply continues to meet demand, according to recent data. The NYMEX futures for September were down by less than a penny to $2.679/MMBtu at noon ET on Wednesday.
The physical prices at Henry Hub had already dropped to $2.602 early in the day, indicating that the market is still feeling the effects of ample supply meeting demand.