Natural Gas U.S. Prices man

Natural gas U.S. prices averaged USD 2.96 per MMBtu in July, down 7.8% from June. On 31 July, the commodity traded at USD 2.79 per MMBtu, down 14.4% from 30 June.

After recovering for two months, U.S. natural gas prices fell sharply in July. U.S. production of the fuel pipped December’s all-time high, helping push the country’s inventories to 6.4% above the five-year seasonal average in the week ending 24 July. On the demand side, U.S. LNG exports cooled due to maintenance work, while forecasts for cooler weather across the center and east of the U.S. hit consumption prospects at home.