Quiet Session Ends with Nymex Natural Gas Prices Slightly Lower
Natural gas prices sink a bit as weather turns warmer
Longer-term outlook still positive, though storage concerns already emerging
West Coast storms fuel cash prices
Like most Fridays, price action along the Nymex futures curve stagnated as traders continued to digest the latest storage and weather data. Volumes also were low with only days to go before the May contract rolls off the board.
The prompt month capped the week at $2.730, off 1.9 cents from Thursday’s close. June slipped 1.3 cents to $2.818.
Spot gas prices continued to come off recent peaks in much of the country with the focus turning to the near-perfect weather pattern for the final week of April into early May. NGI’s Spot Gas National Avg. slipped 1.5 cents to $2.570.