NYMEX Natural Gas Futures Contract June prompt month +US$0.055/MMBtu at $2.410, high of $2.529, low of $2.285, range of $0.244.

Market Fundamentals Markets looked to be trending down today, but upon 8:30AM, jumped to the high of $2.529. The reason? Headlines. A lightening strike hit the Corinth Compressor Station in Mississippi this morning on the Columbia Gulf pipeline. A fire followed which led to an immediate shutdown of all physical flows. A force majeure was declared and a low of 0.4 Bcf/d in southbound flows is expected. ~CL

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