After three straight sessions of natural gas prices declining this week, the June contract settled 2.6 cents lower at $4.148 per mmBtu. The June contract expired .96% below the May contract settlement. The market appears to have already adjusted to the hot temperatures expected in the Northeast for this weekend. Traders appear to be more focused upon the mild temperatures that are expected for the first weeks of June, according to private weather forecasters. The mild temperatures could dampen the demand for natural gas used to fuel peaking generation.
View/Download May 2013 Chart