Natural gas futures last week looked to be gaining momentum on the potential for lower supply, but this week, the bears came back.

North American natural gas futures stumbled for the fourth time in five sessions on Thursday. The June New York Mercantile Exchange gas futures contract settled at $2.307/MMBtu, down 9.1 cents day/day. July was off 9.0 cents to $2.476.

U.S. production was healthy at more than 100 Bcf/d this week and showed no signs yet of cooling. Serious heat has also been slow to arrive in North America.

Mexico imports continue to be steady for this time of the year. Imports over the last 10 days averaged 5.84 Bcf/d, up 0.16 Bcf/d from the last 10-day period, according to NGI calculations.  The maximum was 6.04 Bcf, on Thursday.  

West Texas flows dipped...