Market Watch

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August gas futures fell 2.7¢ Friday to $2.582 per million Btu after the latest rig count showed the first increase in gas drilling in nine weeks. The report may have dashed hopes among some gas market bulls that producers would remain disciplined in the face of rising demand and prices. Friday’s price decline also comes after the US Energy Information Administration (EIA) reported an implied storage build that was 4 billion cubic feet above consensus.

Topics:
Gas Demand, Gas Inventories, Gas Supply, Gas Prices, Gas Pipelines
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