July Gas Contract Stalls Below $3 as Production Rebound Caps Gains

摘要

July gas futures held on to Thursday's 6.70 gain and landed in the mid-$2.90s per million Btu Friday, as rebounding gas production offered hope in the effort to refill depleted storage. "Production has already shown signs of returning growth in late May once it got past scheduled maintenance events, and it looks poised to hit new records in June as Rover pipeline] starts to ramp up receipts," Gelber & Associates analyst Daniel Myers said (NGW Apr.23'18).