NYMEX natural gas futures tumble amid ‘risk reduction’ before holiday weekend
NYMEX front-month natural gas futures fell significantly June 17 amid a wave of “risk off” liquidation trading action. At the end of trading the NYMEX July gas futures contract tumbled 52 cents to close at $6.944/MMBtu. In under two weeks, after topping out at around $9.66/MMBtu on June 8, NYMEX gas futures have fallen by 28%. It was a lousy…