• Warmer April weather forecasts deliver blow to natural gas futures
  • LNG still strong, but bullish bets sliding
  • Cash slips again on light demand

Natural gas futures took a dramatic fall after the Easter holiday weekend as weather forecasts shifted much warmer for the next couple of weeks. With April on pace to be warmer than normal, the May Nymex gas futures contract plunged 12.8 cents Monday to settle at $2.511/MMBtu. June fell 11.5 cents to $2.582.


Spot gas prices also posted sharp losses across the country amid very light demand. NGI’s Spot Gas National Avg. dropped 16.0 cents to $2.185.

Monday’s steep price drops along the Nymex futures curve were a sharp deviation from last week’s price action. Prices during the short trading week leading up to Easter shifted less...