The NYMEX August natural gas futures contract fell 3 cents Monday to settle at $2.828/MMBtu, a day after dry gas production in the US hit a record high and despite record-breaking power burn levels for the first nine days of July. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The front-month contract traded Monday between $2.817/MMBtu and $2.8365/MMBtu. US dry gas production has posted records for four of the last 10 days as the storage deficit continues to persist. Total storage stocks were 717 Bcf below year ago levels and 493 Bcf below the five-year historical average, according to the US Energy Information Administration. US dry gas production is expected to total 80.6 Bcf Monday, down 0.4 Bcf from the latest record posted Sunday, according to S&P Global Platts Analytics data. Total US supply has averaged 86.6 Bcf/d so far in July, up […]