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Commodities

NYMEX Natural Gas Futures Slip on Tightening Supply/Demand Balance

Guavy AI Editorial Team
Instruments
Natural Gas
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The latest government inventory data for natural gas futures revealed supply/demand tightening but exceeded market expectations.

New York Mercantile Exchange (NYMEX) natural gas futures struggled through midday trading after the report was released, with October futures down 3.6 cents to $2.786/MMBtu at 11:50 a.m.

The federal report indicated that gas in storage is further below its year-earlier level, contributing to the tightening supply/demand balance.

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