US NatGas Market's Storage Jitters Cause Sudden Change in Direction

摘要

US; natural gas futures on Friday consolidated Thursday's 5.6% jump to head into the weekend in the mid-$4.70s. Thursday's move was a significant reversal of what appeared to be a steady slide into the $4.40s, as the market gains confidence that the storage refill season will prove adequate; The key question now is when coming summer heat will derail the recent train of above-average storage injections and market jitters are strong in that regard.