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Barchart
Rich Asplund

Nat-Gas Prices Undercut by Abundant US Supplies

United States Gas Prices Nymex Baker Hughes BNEF EIA Freeport Natural Gas

June Nymex natural gas (NGM24) on Wednesday closed down by -0.020 (-0.91%).

June nat-gas prices on Wednesday fell back from a 3-1/2 month nearest-futures high and closed moderately lower.  Gas prices gave up their gains Wednesday and turned lower on expectations that US nat-gas supplies will remain abundant.  The consensus is that Thursday's weekly EIA nat-gas inventories will climb by +88 bcf, above the 5-year average for this time of year of +81 bcf.  

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