August Nymex natural gas (NGQ26) on Monday closed down -0.043 (-1.46%).
Nat-gas prices tumbled to a 2-month low on Monday and settled sharply lower. Signs of stronger US nat-gas output and smaller exports are weighing on prices. Nat-gas production in the Permian Basin rose to more than 23 bcf per day over the weekend, the most in 2 months. Also, gas flows to LNG export terminals in the US fell to 17.5 bcf on Monday, the smallest amount in a month, boosting domestic supplies as less LNG is exported.
