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U.S. Natural Gas Futures Keep Falling

Wall Street Journal Markets •
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U.S. natural gas futures continued their decline on Tuesday as cooler weather forecasts and anticipated export curbs at Freeport LNG weighed on prices. Gary Cunningham of Tradition Energy wrote that traders are “searching for a new area of support,” noting that power‑sector demand is set to dip with heat waning in the South and Texas trending cooler than normal for mid‑July. He added that a short‑seller‑driven bounce could eventually lift prices.

At 0947 ET, Nymex natural gas was down 2.9%, trading at $2.854/mm Btu. The slide reflects both the revised weather outlook and the expected maintenance‑related export slowdown, leaving the market looking for any signs of recovery.