Consumer confidence tapered as the labor market showed cracks and tariff uncertainty clouded the economic horizon. In total, the recession warning signs create fresh concerns for U.S. energy demand, notably including a natural gas market that faces the early arrival of fall shoulder season.

Natural Gas Intelligence's (NGI) natural gas forward curve chart showing basis price forecasts for hubs key to the LNG market.

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At A Glance:

Job market, consumer confidence softenSlower economy could curb gas consumptionLower forward prices reflect lighter demand