• Comfortable temperatures are expected across the Lower 48
  • It could take three weeks for summer cooling demand to kick in
  • Analysts anticipate substantial storage increases in May

Natural gas futures gave up ground on Monday as traders mulled waning weather-driven demand and the potential implications of a cybersecurity attack on the largest fuel pipeline in the United States.  

markets

The June Nymex contract dropped 2.6 cents day/day and settled at $2.932/MMBtu. July fell 2.6 to $2.978.

NGI’s Spot Gas National Avg. advanced 5.5 cents to $2.745 amid a near-term round of chilly temperatures.

Cool conditions over the Rockies, Midwest and Northeast early this week could add further support to cash prices, NatGasWeather said. But after cool temperatures fade by next week, it could...