Save for later Print Download Share June gas futures fell 6垄 Wednesday to $3.326 per million Btu. The sell-off was 鈥渓ikely due to profit taking after a hefty rally in the prior two sessions, [and] also aided by bearish weather patterns in the next 15 days,鈥� NatGasWeather.com said. In Thursday's US storage report, analysts anticipate a triple-digit injection will flip the storage deficit to the five-year average to a surplus. Meanwhile, economic data released Wednesday morning showed US GDP declined for the first time in three years in the first quarter, posting a 0.3% decline. What that means about future economic growth is open to interpretation. The data 鈥減rimarily reflected an increase in imports, which are a subtraction in the calculation of GDP, and a decrease in government spending. These movements were partly offset by increases in investment, consumer spending, and exports,鈥� the Bureau of Economic Analysis said.
