Due to a slow increase in production and expectations of less demand in the next two weeks than expected, even though a sudden heatwave covers much of the country, contracts & However, the term on American natural gas fell by about 2% on Tuesday

Gas futures for July delivery on the New York Mercantile Exchange fell 4.5 cents, or 1.6%, to $2.766 per million British thermal units (MMBtu) at 9:18am EDT (13:18 GMT) to $2.766 per million British thermal units (MMBtu) at 9:18am EDT (13:18 GMT). According to the U.S. Commodity Futures Trading Commission's Trader Commitments Report, even though gas prices have fallen by around 7% in the past two weeks, speculators last week increased their net long positions in futures and options on New York's merchant and intercontinental exchanges to their highest level since April 2022 for the