Natural Gas Futures Poised for Rebound After Falling Under $2.50; Cash Slides

  • May natural gas futures prices slip under $2.50 as demand expected to remain near record lows for rest of April
  • EIA reports 92 Bcf injection into storage inventories, slightly higher than estimates
  • Most analysts see a rebound likely ahead as LNG exports, coal-to-gas switching grow
  • Cash prices slide across the country amid weak holiday demand
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May Natural Gas Contract Slips Below $2.60 Amid Warmer Change to Weather Models

  • Major shift in weather models sends natural gas prices crashing through key support
  • Production on the rise, leading to significant improvement in storage picture over coming weeks
  • Exports to Mexico set to decline as NET Mexico starts spring maintenance
  • Cash prices slide as mild weather negates slew of pipeline work going on around the country
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