Save for later Print Download Share May gas futures increased 1.5垄 Wednesday to $3.022 per million Btu. 鈥淭he May contract has nosedived $1.11/MMBtu (-27%) April-to-date amid a mass speculator deleveraging. Fundamentally, the re-pricing of the natural gas forward curve over the past three weeks has realigned overheated 2025 injection-season pricing with softer underlying supply/demand balances,鈥� EBW Analytics said. 鈥淭he critical questions are when will the speculator sell-off end 鈥� and can natural gas sustain $3.00/MMBtu? Record-smashing production (40 Bcf/week above any other April) and mild weather are opening the door to triple-digit injections鈥攕uggesting caution for bulls.鈥�
