Natural Gas Futures, Spot Slide on Mild May Weather

  • June settles 0.8 cents lower at $2.763
  • Focus on May injections “and whether the pace will be fast enough to satisfy markets,” NatGasWeather says
  • Raymond James lowers 2019 natgas forecast 50 cents to $2.25 on production growth, especially associated gas
  • Waha spot falls; maintenance on Northern Natural could worsen basis, says Genscape
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