July Nymex futures plunged 7.2% to 25-year lows in the upper $1.40s per million Btu Thursday following a larger than expected storage build that accelerated an aggressive sell-off on the eve of expiration.

摘要

The contract is down 11.2%. or 18.7c so far this week. Underground storage continues to fill up despite a drop in output this year. Production in the Lower 48 states has averaged 87.5 billion cubic feet per day in June, a 16-month low, according to Reuters.