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Natural Gas Futures Maintain Winning Ways With Production Lower; Spot Prices Slide - Natural Gas Intelligence

Natural Gas Intelligence · last updated

Natural Gas Futures Maintain Winning Ways With Production Lower; Spot Prices Slide - Natural Gas Intelligence

Natural gas futures squeezed out another gain Tuesday, building a three-day rally formed on bargain buying and continued amid production interruptions. But concerns about weak demand through May and potentially into next month emerged anew, keeping bulls’ parade relatively modest.

At A Glance:

- Prompt month gains 2.9 cents
- Production slips amid repairs
- Forecasts show weak demand

The June Nymex gas futures contract settled at $2.267/MMBtu on Tuesday, up 2.9 cents day/day. July rose 1.5 cents to $2.427. The prompt month had advanced 10.1 cents in the previous session after notching a smaller gain last Friday.

NGI’s Spot Gas National Avg. slid 4.0 cents to $1.775 as weather-driven demand waned.

National Weather Service (NWS) mid-range forecasts showed several rounds of...

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