May Gas Futures Up a Dime, But Cash Wanes as Winter Lossens Grip

摘要

May gas futures rose to the low $2.70s per million Btu going into the long holiday weekend, despite a storage pull that was lower than expectations, but higher than the five-year average. Additionally, a supportive weather forecast is on tap for this week. "Drivers of increased price push are relatively low gas in storage together with less ambitious forward looking guidance from production companies and the entities which are providing funding," Gelber & Associates analyst Art Gelber said.