Natural gas futures stumbled for the fourth time in five sessions on Thursday, bruised by weak demand and robust supplies. The June Nymex gas futures contract settled at $2.307/MMBtu, down 9.1 cents day/day. July fell 9.0 cents to $2.476.


At A Glance:

  • July Nymex contract falls again
  • Output approaches record level
  • Triple-digit injection reported

NGI’s Spot Gas National Avg. dropped 15.5 cents to $1.845.

The prompt month had posted a 7.7-cent gain on Wednesday, snapping a three-day losing streak amid expectations for a triple-digit storage increase.

With production consistently holding near or above 100 Bcf/d most of May – and mild weather driving little demand — futures dropped back into the red Thursday. There were no obvious catalysts in the offing for the coming...