Market Watch

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June gas futures dropped 18.5¢ Monday to $2.40 per million Btu, giving back much of the ground it gained after last week’s storage injection fell short of expectations. “As we approach the June contract rollover, price action is likely to be uncertain,” Gelber & Associates analysts said. “There are still bearish fundamentals in the market; however, as we saw last week a bull run is not out of the equation.”

Topics:
Gas Demand, Gas Inventories, Gas Supply, Gas Prices, Gas Pipelines
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