Nat-Gas Prices Slump as Weekly EIA Inventories Climb More Than Expected
May Nymex natural gas (NGK24) on Thursday closed down by -0.121 (-6.42%).
Nat-gas prices have collapsed this year, with nearest-futures (NGJ24) posting a 3-3/4 year low last Tuesday as an unusually mild winter curbed heating consumption for nat-gas and pushed inventories well above average. As of March 29, US nat-gas inventories were +38.9% above their 5-year seasonal average, signaling abundant nat-gas supplies.
https://www.barchart.com/story/news/25425020/nat-gas-prices-slump-as-weekly-eia-inventories-climb-more-than-expected
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