Natural Gas Prices Reverse Yesterday's Gains And More

After a solid "up" day for natural gas prices yesterday, today saw a reversal, with the market giving up those gains and then some in today's session. June prices fell 6 cents on the day. 

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natural gas commodity weather

The decline was mostly due to production returning higher, confirming that the drop this past weekend was very short-lived. 

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natural gas commodity weather

Because the rise in production was the main driver in today's price move, the impact was felt throughout the entire natural gas curve today. 

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natural gas commodity weather

There were a couple of other bearish forces at work today, however, as LNG exports were notably lower today. 

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natural gas commodity weather

We also had a lower revision in forecast weather demand this morning, albeit fairly small. 

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natural gas commodity weather

We do still have some impressive heat to wade through in the near term, with numerous record highs possible in the Southeast over the next several days. Highs this Friday can reach the upper 90s in that portion of the country. 

natural gas commodity weather

We can even see some 100+ highs early next week. 

natural gas commodity weather

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