July Nymex natural gas (NGN26) on Friday fell -0.107 (-3.21%).
Nat-gas prices retreated on Friday amid abundant US stockpiles and reduced flows to export terminals, which will further boost US domestic supplies. As of May 29, nat-gas inventories were +5.7% above their 5-year seasonal average, signaling adequate nat-gas supplies. Also, net flows to US LNG export terminals on Friday were just above 17.0 bcf/day, near the lowest level in more than two weeks, which will boost domestic supplies further as seasonal maintenance continues to limit exports.
Crude Prices Retreat on Hopes US-Iran Peace Deal is Near
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Nat-gas prices retreated on Friday amid abundant US stockpiles and reduced flows to export terminals, which will further boost US domestic supplies. As of May 29, nat-gas inventories were +5.7% above their 5-year seasonal average, signaling adequate nat-gas supplies. Also, net flows to US LNG export terminals on Friday were just above 17.0 bcf/day, near the lowest level in more than two weeks, which will boost domestic supplies further as seasonal maintenance continues to limit exports.
Crude Prices Retreat on Hopes US-Iran Peace Deal is Near
Smaller Inventories and Hotter US Temps Boost Nat-Gas Prices
Crude Prices Fall on Iran Peace Hopes and Weak China Oil Demand
2 hours ago
