Inclined

Bearish Consensus Building; May Falls Again

May natural gas futures continued to retreat Tuesday as traders were inclined to sit on the sidelines and await Thursday’s Department of Energy (DOE) report on inventories. Some see prices eventually reaching $4.00. At the close May had fallen 5.8 cents to $4.231 and June skidded 5.9 cents to $4.304. May crude oil shed 13 cents to $108.34/bbl.

April 6, 2011