Nymex natural gas futures fall 2.1% on U.S.-Iran deal efforts
Updated
Updated · The Wall Street Journal · May 6
Nymex natural gas futures fall 2.1% on U.S.-Iran deal efforts
7 articles · Updated · The Wall Street Journal · May 6
US gas settled at $2.73 per mmBtu as oil and European gas prices retreated amid renewed moves to end the US-Iran conflict.
Domestic pressure also came from lower LNG feedgas flows during maintenance, while traders awaited hotter weather to boost air-conditioning demand in the power sector.
Analysts surveyed by the Wall Street Journal expect Thursday's EIA storage report to show a 76 Bcf build, leaving the inventory surplus versus the five-year average near 152 Bcf.
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