US GAS: Futures Slump As Traders Fear Demand Declines
The Wall Street Journal
Natural gas futures tumbled more than 5% Tuesday, declining for the third straight session on concerns that the recent rally has sapped utilities' demand for the fuel. "It looks like there isn't the internal strength to push higher, given the backdrop in supplies that we're still seeing," said Matt Smith, analyst at Summit Energy. "The bigger picture is we're still well supplied here."
