Another storage day, another triple-digit injection! The EIA reported that 122 Bcf of gas was injected into the Lower 48’s storage during the tail-end of May. Definitely a comfortable build, and the gap between current inventory levels and the 5-year average widens slightly more. The market happily sold off some after the update went live. Ultimately, the July front month settled at $3.67 US/mm, a few cents down from yesterday.

On the temperature front, not much to report. Temperatures in both the US and Canada are still cruising along the average, and ResCom demand remains low.