Market Watch

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The September natural gas contract continued to fall Friday, losing 7.2¢ to end the week at $3.861. The contract dropped 27.9¢ last week, but did hold support in the upper $3.80s/MMBtu. The prompt month traded in a $3.848-$3.953 range. The12-month strip was down 6.4¢ at $3.675, while the 2022 calendar strip fell 5.7¢ to $3.482 (Futures contracts). * * * SoCal Citygate saw the most significant price move of the day, falling $2.00 to $4.53. This compared to benchmark Henry Hub cash prices that were down 12¢ at $3.89. In the Northeast, Boston-area Algonquin declined 53¢ to average $3.65. In West Texas, cash prices at the Permian's Waha Hub fell 12¢ to average $3.70. Meanwhile, Rockies leader Kern/Opal fell 11¢ to $3.66 and Northwest Sumas lost 19¢ to average $3.52. In Canada, Alberta benchmark Aeco rose 7¢ to $2.24 (Daily spot prices). * * * Oil prices slipped on Friday, capping a tumultuous week as yet another wave of Covid-19 infections ripples through key demand centers. The September West Texas Intermediate contract slid 65¢ to end the session at $68.44/bbl.

Gas Demand, Gas Inventories, Gas Supply, Gas Prices
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