June gas futures rose 13.7c, or 8.3% Monday to close at $1.783 per million Btu as significant shifts on the supply side are supporting the recovery.

摘要

“Dry gas production has averaged at about 88.3 Bcf/d in pipeline estimates over the past week but is hinting at further declines at the end of the month,” Gelber & Associates analyst Daniel Myers said. “The latest decreases suggest that production may actually flip to a year-over- year loss in May’s average daily volume, a month ahead of previous expectations. This will be production’s first year-over-year contraction since April of 2017.”