Natural Gas Prices Remain Weak Despite Rare Summer Withdrawal
CTRACoterra(CTRA) ZACKS·2024-08-19 21:40

The U.S. Energy Department's weekly inventory release showed that natural gas supplies logged an untimely storage withdrawal. The bullish inventory numbers notwithstanding, futures settled with a slight loss week over week in the face of supply and weather headwinds.As a matter of fact, the commodity is currently trading around the lowly $2 level. Considering that the space remains highly susceptible to unpredictable temperature patterns that impact prices and market stability, at this time we advise invest ...