May Nymex natural gas (NGK23) on Monday closed up +0.040 (+1.79%).
May nat-gas prices Monday morning posted moderate gains on the outlook for colder-than-normal U.S. temperatures that would boost heating demand for nat-gas. The Commodity Weather Group said below-normal temperatures are expected across the eastern half of the U.S. from April 29 to May 3. Record U.S. nat-gas production is limiting the upside in prices after lower-48 state U.S. dry gas production rose to an all-time high of 101.7 bcf on Sunday.
