Natural gas futures searched for direction as Thursday’s session got underway, with market participants contemplating a mixed weather outlook and awaiting the latest government inventory data.
Coming off back-to-back gains, the September Nymex gas futures contract was down 4.3 cents to $2.069/MMBtu at around 8:40 a.m. ET.
NatGasWeather said the seasonally mild temperatures that settled across northern markets this week would extend into mid-August. Yet extensive heat is likely to return later this month.
