October Natural Gas Futures Decline to $3 Amid Shifts in Supply and Demand
Natural gas futures for October declined to $3 as supply and demand dynamics shifted in the Appalachian region.
The restoration of pipeline flows on Mountaineer XPress following an outage helped rebuild supply, while fading shoulder season demand weighed on prices.
NGI models predict a storage injection of 63 Bcf, which could further pressure natural gas futures.