• Natural gas futures traders brush off EIA storage report
  • Warm April keeps prices in check, but support seen by May
  • Cash prices mixed; Algonquin experienced unplanned outage at Weymouth (again)

Natural gas futures waffled in and out of the green Thursday after the weekly storage data failed to offer any surprises, and weather models maintained a warm pattern for the near term. The May Nymex gas futures contract ultimately settled two-tenths of a cent higher at $2.522/MMBtu. June picked up a penny to reach $2.607.

EIA storage april 2

Spot gas prices were mixed again, with early season heat boosting gas demand in Texas and the warmer air reducing heating needs on the East Coast. NGI’s Spot Gas National Avg. slipped a half-cent to $2.275.

After a string of huge misses, the latest government...