June Nymex natural gas (NGM26) on Wednesday closed down -0.044 (-1.64%).
Nat-gas prices settled lower on Wednesday on concerns that US domestic nat-gas storage levels will continue to climb. The consensus is that Thursday's weekly EIA nat-gas inventories will increase by +83 bcf, well above the five-year average for this time of year of +63 bcf. US nat-gas stockpiles are already robust, with inventories +7.1% above the five-year average as of April 17, so any above-average increase in weekly supplies will push the surplus even higher.
