The US Natural Gas futures slumped yesterday as drop from a five-week high extended. Prices were tepid today too amid weak undertone in commodities. Markets are eying near-term demand amid elevated inventories. Focus is now shifting to the weather trends in the US which are showing cooling demand for Natural Gas due to warm temperatures. The US Natural gas stocks are about 3% above the five-year normal, pulling down the prices. The benchmark Natural Gas futures for June delivery on the New York Mercantile Exchange are down 0.06%, to trade at $3.49 per million British thermal units (mmbtu). It lost 4.25% in last session. On the MCX, Natural Gas futures are down 0.17% at 298.80 per mmbtu.

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