Natural-Gas Traders Bet Heat Wave Will Fizzle - News Summed Up

Natural-Gas Traders Bet Heat Wave Will Fizzle


Natural-gas prices declined for the second straight day Tuesday on signs that producers will continue to push output to new highs, while forecasts that the current heat wave in parts of the U.S. will dissipate threatened demand. Prices got a lift last week ahead of Hurricane Barry’s landfall in Louisiana, but fears that the first hurricane of the 2019 season would significantly disrupt production from the Gulf of Mexico are proving largely unfounded. In fact, the storm, as well as a major power outage in Manhattan over the...


Source: Wall Street Journal July 16, 2019 17:53 UTC



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