August Nymex natural gas settled down 0.098, or 2.99%, on Monday after touching a 1-week low. Prices are being pressured by ramped-up U.S. output, with production in the lower-48 states rising to nearly 114 bcf/day, the highest in the report. The move is negative for natural-gas prices and reflects a supply-driven bearish setup.
August Nymex natural gas settled down 0.098, or 2.99%, on Monday after touching a 1-week low. Prices are being pressured by ramped-up U.S. output, with production in the lower-48 states rising to nearly 114 bcf/day, the highest in the report. The move is negative for natural-gas prices and reflects a supply-driven bearish setup.
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Request DemoOverall Sentiment
moderately negative
Sentiment Score
-0.45
