May rolled off the board and June took over as the New York Mercantile Exchange (Nymex) contract prompt month on Thursday, but there was little overall change in momentum.

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On Wednesday, the May Nymex natural gas futures contract fell 19.0 cents day/day and settled at $2.117/MMBtu before rolling off the books. On Thursday, June took over as the prompt month and the contract settled at $2.355, up 5.0 cents.

Selling on Wednesday “was attributed to LNG exports being down nearly 1 Bcf versus last week,” NatGasWeather analysts said. There were “not hot or cold enough weather patterns for the eight-15-day period, plump surpluses, too strong of U.S. production that remains stout near 101 Bcf/d, and negative roll yield with June ’23 prices a bit more expensive then where May ’23...