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:
- EIA prints 96 Bcf injection
- Front month drops 9.1 cents
- Mild temperatures cut demand
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.
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