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Rich Asplund

Nat-Gas Prices Slip on Expectations for US Supplies to Remain Abundant

United States Gas Prices EIA Nymex BNEF Freeport Natural Gas

May Nymex natural gas (NGK24) on Wednesday closed down by -0.020 (-1.15%).

May nat gas prices on Wednesday posted moderate losses on expectations that US nat-gas supplies will remain abundant.  Thursday's weekly EIA nat-gas inventories are expected to climb by +53 bcf, well above the five-year average for this time of year of +24 bcf.   Losses in nat-gas were limited after Atmospheric G2 said the forecast is trending cooler in the eastern part of the US, which could boost heating demand for nat-gas.  

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