Natural gas futures softened on Friday after surpassing the $6.500/MMBtu mark early in the trading session. With technical pressure amplified given the lack of demand response to the higher price environment, overbought conditions sent the May Nymex futures contract down 8.1 cents to $6.278. June futures fell 8.0 cents to $6.356.


At A Glance:

  • Production crucial to easing supply worries
  • LNG demand could surpass current forecasts
  • Cash prices mostly higher on mixed weather

Spot gas prices were mixed to close out the week, with NGI’s Spot Gas National Avg. climbing 9.5 cents to $5.995.

Coming off more than a 30.0-cent increase on Thursday, it’s not a complete surprise that futures tapped the brakes a bit heading into the weekend. While weather models converged in showing a...