Shoulder Season Takes Hold, Dragging Down Natural Gas Futures
Natural gas futures declined early Monday as the seasonal transition to shoulder season took hold.
Fading September heat and the start of annual maintenance at Cove Point LNG pointed to larger storage builds into October, leading to a decrease in prices.
The power burn is expected to face a 9 Bcf/d drop, while production slipped 1.4 Bcf/d week/week.