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Market Watch

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June gas futures fell 8.7¢ Tuesday to $3.463 per million Btu. NatGasWeather.com noted that expectations of a hot summer, along with a warmer short-term outlook for May 16-20, drove the contract to a session high of $3.648 but that LNG feed gas demand of just under 14.5 billion cubic feet per day and "a lengthy streak of larger-than-normal [storage] builds lined up several more weeks deep" ultimately drove prices lower.

Topics:
Gas Demand, Gas Inventories, Gas Supply, Gas Prices, Gas Pipelines
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