The summer of 2024 proved somewhat melancholy for natural gas bulls, but also for bears, as front-month futures have consistently sported a $2 handle on the vast majority of trading days. What happened to the dire predictions of oversupply heard this past winter? And what about the bullish swing that took over the market in early June? Developments in production and weather have ameliorated both concerns but new issues may cause volatility to return in the near future. In today’s RBN blog, we’ll detail what happened during this summer’s gas market and what current trends portend for the fall and winter.

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