Wither

Spot prices continued to wither Wednesday due to a combination of relatively moderate temperatures in several regions around the midpoint of what is normally the hottest month of the year and further softness in prior-day futures. And despite continuing deficits of current storage compared to year-ago levels and the five-year average, traders appear unconcerned about inventories, especially with what was generally expected to be a very busy Atlantic hurricane season having little impact so far on Gulf of Mexico output.