Updated Aug 22, 2024
8/22/24
Natural gas futures accelerated declines through midday trading Friday, undercut by weakness in physical cash markets and forecasts for milder weather next week.
Against a backdrop of solid demand, possible production cuts and potentially modest August storage injections, natural gas forward prices during the Aug. 1-8 trading period found room to move higher.
At the halfway point for 2024, U.S. natural gas demand is pacing for another record year, driven by increased demand from the power sector amid record-breaking weather trends, according to the American Gas Association (AGA).