[Members in The News] Natural Gas Meets Resistance at $3.00/MMBtu (Burton Energy)

(May 17, 2021) - Natural gas prices have been hovering near the $3 level these past two weeks, which continues to show some resistance.

The May natural gas contract rolled off the board at $2.925 per MMBtu, 13% higher than the April natural gas contract. The average NYMEX settlement for 2021 is $2.718 per MMBtu, about 46% above the 2020 average.

A recovering economy and increased demand for natural gas this winter has fueled the significant year-over-year increase. The June contract moved into the prompt position nearly flat to the May settlement and has bounced around in a tight range these last ten days of trading.

Read more here: http://www.theenergytrail.com/natural-gas-meets-resistance-at-3-00-mmbtu/