Natural gas futures continued their winning ways on Monday, advancing for a third straight day amid supply curtailments, improving LNG levels and forecasts for late-May heat.

At A Glance:

  • Production hovers at 97.5 Bcf/d
  • Feed gas volumes add strength
  • NGI models 77 Bcf storage build

After gaining more than 20 cents over the final two trading sessions of last week, the June Nymex gas futures contract settled at $2.195/MMBtu on Monday, up 5.3 cents day/day.

NGI’s Spot Gas National Avg. shed 4.5 cents to $1.345. Prices were up across most of the country, but hubs in the volatile West Texas region plummeted anew into negative territory on Monday, dragging down the national average.

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