Natural gas futures slipped lower for a second consecutive day, as traders continued to focus on bearish shifts in domestic weather outlooks even as war raged in Ukraine and Western sanctions against Russia threatened to send global commodity prices to record highs.


At A Glance:

  • Prompt month gains 1.7 cents
  • Maintenance impacts output, LNG
  • Demand poised to grow late June

The April Nymex natural gas futures contract settled at $4.527/MMBtu, down 30.6 cents day/day. May shed 29.5 cents to $4.563.

NGI’s Spot Gas National Avg. fell 17.0 cents to $4.520.

NatGasWeather attributed declines to “an increasingly bearish setup” in the weather outlook for next week. Both the American and European weather models extended warmer trends Tuesday, according to the firm.