Quite the start to the week.
The May front month NYMEX contract traded down to a low of $1.68 US/mm on news that Financial Firm LSEG forecast gas demand in the Lower 48, including exports, would fall from 99.3 bcfd last week to 92.4 bcfd this week. Remember that last week, this contract traded at a 1 month high.
The rest of summer strip (May to Oct) fell to $2.18 US/mm, or the same level as the late March low. Next winter traded down to $3.36 US/mm, which is about the middle of the range since late February. [WFG]