GAZB - Nat gas posts fifth straight loss on milder weather outlook

Just a week after hitting three-month highs, U.S. natural gas futures slipped to near four-week lows today, as production increased and forecasts showed short-term milder weather and less demand than previously expected.June Nymex natural gas (NG1:COM) settled -0.7% to $2.886/MMBtu, a fifth straight daily loss and the lowest for a front-month contract since April 27.ETFs: [[UNG]], [[UGAZF]], [[DGAZ]], [[BOIL]], [[FCG]], [[KOLD]], [[UNL]], [[GAZ]], [[GAZB]]With milder weather expected, Reuters data provider Refinitiv sees average gas demand including exports will slip to 84.6B cf/day next week from 85B cf/day this week, lower than Friday's forecast.Refinitiv reports gas flowing to U.S. liquefied natural gas export plants has averaged 10.9B cf/day so far in May, down from April's monthly record of 11.5B cf/day.In the sector's biggest news of the day, Cabot Oil & Gas and Cimarex Energy agreed to an all-stock merger than left analysts and investors perplexed.

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Nat gas posts fifth straight loss on milder weather outlook