NYMEX natural gas futures see weakness as July contract becomes front month

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After a week of failed attempts by buyers seeking to close NYMEX front-month gas futures prices above $9/MMBtu, profit-takers finally emerged and sent prices tumbling to wrap up the week. On its first day as the new front-month contract, NYMEX July 2022 gas futures saw an intraday high of $8.895/MMBtu before sellers took over. At the end of trading on…