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April gas futures shed 13.4¢ Wednesday to close at $2.439 per million Btu. The drop came despite an outlook for cold temperatures in the weeks ahead, which “could enable Nymex futures to trend moderately higher in the coming weeks,” according to Price Futures analyst Phil Flynn. The next storage report is expected to increase the working gas inventory surplus for the ninth time in 10 weeks, but early estimates have the draw for the week ending Mar. 17 exceeding the five-year average. “With Freeport LNG continuing to ramp up, the bulls eyes have been laser focused on major producers to assist in keeping natural gas prices elevated via production pull-backs,” Gelber & Associates said.

Gas Demand, Gas Inventories, Gas Supply, Gas Prices, Gas Pipelines
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