June Futures Contract Dips on Large Storage Refill,Hefty Production Levels

摘要

The June gas futures contract fell a few cents Friday to the mid $2.50s per million Btu-keeping a three-year-old price floor intact for now despite very bearish trends in both inventories and production.June is down about a penny since it moved into the prompt position last Monday.Nonetheless,Thursday's triple-digit storage injection put a damper on the futures market.It was the third in three consecutive outsized build,which independent analyst Stephen Schork deemed”a record-smashing start to the refill season.”