Natural gas futures slipped lower Tuesday, extending the extensive sell-off from a week earlier. A mid-July reprieve from oppressively hot weather patterns and the potential for another stout storage print weighed on prices.
The August Nymex gas futures contract settled at $5.523/MMBtu, down 20.7 cents day/day. September fell 22.5 cents to $5.487.
With heat scorching the Lower 48 in the near term, NGI’s Spot Gas National Avg. gained 30.0 cents to $5.760.