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September gas futures clawed back more than half Monday's losses, rising 24.4¢ Tuesday to $7.833 per million Btu. Bulls mounted a short-covering rally after Monday's steep loss as gas burns are still relatively high. However, with temperatures beginning to moderate and production near all time highs, a move above $8/MMBtu is doubtful in the short-term. The 12-month strip rose 16¢ to $6.481; the 2023 calendar strip was up 9.8¢ to $5.521 (Futures contracts).

Gas Demand, Gas Inventories, Gas Supply, Gas Prices, Gas Pipelines
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