September Nymex natural gas closed up +0.021 on Tuesday, with prices boosted by weaker dollar prompting short covering. Forecasts of cooler late-summer weather led to a 9.5-month low in prices. US nat-gas production is at record highs, with EIA raising 2025 and 2026 production forecasts. US electricity output also rose, supporting gas prices. Last week’s EIA report showed lower-than-expected inventory levels, signaling adequate supplies. Baker Hughes reported stable active US nat-gas drilling rigs.
Read more at Yahoo Finance: Dollar Weakness Spurs Short Covering in Nat-Gas Futures
