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Transcript

Natural Gas Market Talk | 07.26.2024

Prompt-month NYMEX pushes toward $2 per MMBtu as demand sags.

A Monday rally fizzled quickly and futures prices moved lower in each of the next 4 days, with the front of the curve finishing the week just above $2.00 per MMBtu. Power generation demand was down considerably on the week, and the market seems to be looking past the return of widespread heat in the forecasts for the first half of August.

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