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Small Rebound for June Natural Gas Prices, but Cash Struggles - Natural Gas Intelligence


Small Rebound for June Natural Gas Prices, but Cash Struggles
June Nymex recovers early, holds gains as storage deficit seen widening
Year/year comparisons extremely favorable for coming months
Pipeline maintenance kicks into high gear
It took one day, but it appeared to have finally dawned on natural gas futures traders that the latest storage data was bullish after all. Though gains were small on Friday, the June Nymex gas futures contract recovered 2.0 cents day/day to settle at $2.931. The July contract ticked up 1.7 cents to hit $2.978.
Spot gas prices, however, continued to retreat amid the mostly mild weather pattern expected across the country for the next few days. NGI’s Spot Gas National Avg. slipped 7.5 cents to $2.605. ....

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