Heat Lifts July Natural Gas Ahead of Thursday’s EIA Report; Spot Gas Mostly Lower

  • Nymex July natural gas contract climbs to $2.963 on near-term heat
  • Market expectations for Thursday’s EIA storage report are for an inventory build in the low 90s Bcf
  • Bud downgraded to tropical storm; storm could be limiting liquefied natural gas imports on Mexico’s West coast
  • BREAKING: EIA reports a 96 Bcf injection into storage for the week ending June 8
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Late-June Sizzle Sends Natural Gas Higher for July, Next-Day

  • Nymex July futures contract climbs almost 6 cents as weather models show heat lingering into third week of July
  • Genscape says demand this week will easily crack the 60 Bcf/d mark, a point that would otherwise be a summer-to-date high
  • After strong storage build this week, next two injections could be lean
  • Production slides back to near 78 Bcf/d after climbing higher during weekend
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Natural Gas Futures Holds Steady Ahead of Storage Data; Spot Prices Soften as Heat Breaks

  • July futures fall on cooler temperature outlooks
  • Market looking for sub-100 Bcf storage injection
  • “If they’re under 100 Bcf, and you’re already seeing storage on the low side, then it should put some upward pressure on prices when we get some more seasonal hot weather.” - INTL FCStone Financial’s Tom Saal
  • BREAKING: EIA reports that 92 Bcf was injected into natural gas storage for the week ending June 1
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