The Energy Buyer's Guide | 05.04.2026

Natural gas futures find support amid lingering heating demand.

May 04, 2026

∙ Paid

- The May 2026 NYMEX contract expired at $2.559 per MMBtu, marking the lowest monthly expiration since November 2024.

- June futures moved modestly higher after rolling to the front of the curve, settling near $2.78 per MMBtu as the market bounced from recent lows.

- The EIA reported a 79-Bcf storage build, tighter than the prior week’s record early-season injection but still enough to expand the surplus versus the five-year average.

- Cooler-than-normal weather continues to limit early cooling demand, with lingering heating needs providing only modest support to consumption.

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