Natural gas prices slipped as storage data dominated the tape. Rzzro's NYMEX feed put Henry Hub at $3.08/MMBtu, down 3.33%.
The EIA reported a 108 Bcf injection for the week ending June 5, bringing working gas to roughly 2.69 Tcf and about 6.5% above the five-year seasonal average.
LNG feedgas has eased on maintenance, with flows around 16.0-16.5 Bcf/d versus 17.1 Bcf/d in May. That reduces near-term demand while storage builds continue.
The summer demand signal is still important, but the market needs a larger weather surprise to overcome the inventory surplus.
What this means for buyers
Use the storage surplus as the near-term cap and summer weather as the upside trigger. Hedge selectively until injections slow or LNG feedgas recovers.