Loading…
The June NYMEX natural gas futures contract settled at $2.663 on May 29, up from $2.582 the prior day. The settlement came ahead of an EIA storage report that was expected to show a 100 Bcf injection.
Traders were reacting to updated weather forecasts.
A routine settlement with a modest gain signals that prices are holding near recent lows. The storage injection estimate is the key reference for near-term direction.
spragueenergy.comspragueoperatiMay 30, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
