Western Heat Shields Natural Gas Forwards from Selloff

Natural gas forwards experienced a broad sell-off during the July 22-29 trading period, but Western points bucked this trend due to record desert temperatures. This reversal was a departure from last week's heat-driven gains, which had given natural gas prices a boost.

At a Glance: Southwest hubs saw a national selloff, while Permian round-trips rallied again and New England winter contracts slid once more. Western points remained active due to the severe heatwave in the region.