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Natural Gas at New Two-Month Low: Do Gas-Weighted Stocks Care?

Robert Scott
Natural Gas at New Two-Month Low: Do Gas-Weighted Stocks Care?

On July 18, natural gas August futures fell 0.7% and settled at $2.72 per MMBtu (million British thermal units)—the lowest closing level since May 4. Oversupply concerns in the face of weak demand could be behind the decline. Moreover, the forecast of cooler summer weather is another worry for natural gas bulls.