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June Natural Gas Futures, Spot Prices Pressured as Demand ... - Natural Gas Intelligence

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June Natural Gas Futures, Spot Prices Pressured as Demand Evades Lower 48 - Natural Gas Intelligence

Natural gas futures stumbled for the fourth time in five sessions on Thursday, bruised by weak demand and robust supplies. The June Nymex gas futures contract settled at $2.307/MMBtu, down 9.1 cents day/day. July fell 9.0 cents to $2.476.

At A Glance:

- EIA prints 96 Bcf injection
- Front month drops 9.1 cents
- Mild temperatures cut demand

NGI’s Spot Gas National Avg. dropped 15.5 cents to $1.845.

The prompt month had posted a 7.7-cent gain on Wednesday, snapping a three-day losing streak amid expectations for a triple-digit storage increase.

With production consistently holding near or above 100 Bcf/d most of May – and mild weather driving little demand — futures dropped back into the red Thursday. There were no obvious catalysts in the offing for the coming...

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