Nat-gas prices fell due to cooler US temps, long liquidation pressures

From Yahoo Finance: 2025-06-20 15:31:00

July Nymex natural gas closed down by 3.56% on Friday, retreating from a 2-1/2 month high. Long liquidation pressures pushed prices lower, with forecasts showing normal US weather in July. Geopolitical risks from Israel-Iran war support prices. Lower-48 state gas production and demand reported by BNEF.

US electricity output rose, benefiting nat-gas demand. EIA report showed nat-gas inventories rose below expectations but above 5-year average. European gas storage below seasonal average. Baker Hughes reported decrease in active US nat-gas drilling rigs. Gas rigs have risen in the past nine months.

Nat-gas prices fell on forecasts of cooler US temperatures. Rich Asplund did not have positions in mentioned securities. Information in the article is for informational purposes only.

Read more: Nat-Gas Prices Fall on Forecasts for Cooler US Temps