Natural Gas Futures Shed Early Gains as Market Looks Past Rate Cuts to Fall Fundamentals

By Chris Newman

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Published in: Daily Gas Price Index Filed under:

Prompt month natural gas futures fell for a second day Wednesday as the market stayed focused on shifting autumn supply/demand balances, sidestepping a broad rally sparked by the Federal Reserve’s (Fed) aggressive start to an interest rate-cutting cycle.

NGI's storage snapshot

At A Glance:

  • Front month loses 4.0 cents*
  • Production around 100 Bcf/d
  • East leads cash declines

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Chris Newman

Chris Newman joined NGI in October 2023. He worked 18 years at Argus Media, starting in 2004 in Washington, D.C., where he covered U.S. thermal/coking coal markets and rail transportation. In 2014, he moved to Singapore to help lead Argus’ coverage of steel and its raw material feedstocks. A graduate of the University of Virginia, Chris returned to his native Virginia in 2021.