June Gas Futures Edge Up Though Supportive Fundamentals Easing

摘要

US natural gas futures saw a remarkably calm week of trading considering the bullish threat of flooded infrastructure in the coming week (p1), lingering nuclear outages and light natural gas builds that continue widening the deficit to seasonal normals. In the end, the June contract last week failed to make up any of the major losses seen during the first week of May, when the contract took a 46.3c tumble.