NYMEX prompt-month Henry Hub futures prices plunged to a 25-year low on June 25 as rising gas storage inventories and pandemic-related demand weakness continue to weigh on the market. In early trading, the NYMEX contract dipped 11.5 cents to around $1.48/MMBtu after the US Energy Information Administration reported a massive 120 Bcf injection to gas storage – the largest one-week addition to stocks in nearly 14 months, EIA data shows. At market close, the NYMEX July contract settled at $1.482/MMBtu, according to S&P Global Platts data. “If you were looking for a dead cat bounce, we got more of a dead cat splat,” said Phil Flynn, Price Futures Group senior market […]