Save for later Print Download Share June gas futures jumped 15.3垄 Thursday to $3.479 per million Btu even as storage inventories posted the first weekly triple-digit build of the injection season. The US Energy Information Administration (EIA) released the storage report, which normally comes out at 10:30 a.m. ET, three and a half hours late for unknown reasons, and the market reacted by jumping to a session high of $3.54 before easing toward the daily close. Gelber & Associates noted a 鈥渟ignificant鈥� 2.2 Bcf/d decline in US dry gas production, 鈥渢he largest cut seen since the February freeze-offs.鈥� While the weather pattern is expected to remain unsupportive of demand for the next two weeks, 鈥渕ore intimidating heat will start building during the second half of may into early June as highs of 90s gain ground across the US,鈥� NatGasWeather.com said.
