US pure Gasoline costs slumped to a multi-week low as sturdy storage builds and delicate climate forecasts dampened demand expectations, ING’s commodity consultants Ewa Manthey and Warren Patterson word.
Costs hit lowest since April
“US pure Gasoline costs got here underneath vital stress yesterday. Entrance-month Henry Hub futures settled greater than 6.6% decrease on the day. This left the market at its lowest degree since late April. Sturdy Gasoline injections into storage and forecasts for cooler climate within the southern areas of the US have weighed on costs.”
