North American natural gas futures continued to limp along and were barely above $2.00/MMBtu on Thursday with warm weather keeping demand in check.

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The May New York Mercantile exchange gas futures contract shed 14.4 cents day/day on Thursday and settled at $2.011. June lost 14.3 cents to $2.238.

There are potentially some signs that favor the bulls down the line. U.S. production dipped below 100 Bcf/d mid-week, mainly because of maintenance events in the Northeast. Meanwhile, feed gas to the Freeport LNG facility in Texas recently topped 2.0 Bcf/d.

Overall LNG feed gas levels hovered around 14 Bcf/d and near record levels early in the week, but exports fell to 13.3 Bcf/d early Wednesday, according to EBW Analytics Group. There was a reduction of demand at the Corpus Christi...