Elevated natural gas storage levels and robust domestic production continue to weigh on Henry Hub prices as May 2026 progresses. Working gas inventories reached 2,290 Bcf by May 8, 6.5% above the five-year average, supported by net injections that exceeded seasonal norms amid mild shoulder-season temperatures. Lower-48 output has averaged near 108–110 Bcf/d, with growth in the Permian and Haynesville basins offsetting any maintenance-related dips. These supply-side pressures have kept spot prices trading in the $2.80–$3.00/MMBtu range recently, well below the EIA’s full-year 2026 average forecast of $3.50. Traders are now monitoring the transition to summer cooling demand, which could tighten balances if temperatures rise faster than expected, while LNG export flows and any late-season production curtailments remain key swing variables.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$191,992 Vol.
↑ $4.20
2%
↑ $4.00
2%
↑ $3.80
2%
↑ $3.60
9%
↑ $3.40
14%
↑ $3.20
41%
↑ $3.00
89%
↓ $2.70
22%
↓ $2.60
10%
↓ $2.50
4%
↓ $2.40
3%
↓ $2.20
2%
↓ $2.00
2%
↓ $1.80
2%
↓ $1.60
<1%
$191,992 Vol.
↑ $4.20
2%
↑ $4.00
2%
↑ $3.80
2%
↑ $3.60
9%
↑ $3.40
14%
↑ $3.20
41%
↑ $3.00
89%
↓ $2.70
22%
↓ $2.60
10%
↓ $2.50
4%
↓ $2.40
3%
↓ $2.20
2%
↓ $2.00
2%
↓ $1.80
2%
↓ $1.60
<1%
For Natural Gas futures, the active month refers to the nearest listed contract month. The active month changes at 6:00:00 PM ET at the start of the trading session two business days prior to that contract's last trading day, at which point the next listed contract becomes the active month.
For Natural Gas (NG) futures, the last trading day is defined as the third last business day of the month prior to the contract month, consistent with CME contract specifications.
Only prices achieved during the applicable trading session for the underlying market will be considered. Under the standard schedule, trading is open from 6:00:00 PM ET Sunday through 5:00:00 PM ET Friday, with a daily break from 5:00:00 PM ET to 6:00:00 PM ET, except where modified by holiday or special-session hours as listed on Pyth.
Prices will be used exactly as published by Pyth, without rounding.
If the Active Month contract does not trade at all during the listed time frame, this market will resolve to "No".
In the event of a contract specification change, feed change, or similar structural modification affecting the underlying market during the listed time frame, this market will resolve based on adjusted prices as displayed on Pyth.
The resolution source for this market is Pyth — specifically, the Active Month Natural Gas futures "High" prices available at https://pythdata.app/explore?search=NGD, with the chart settings configured for 1-minute candles.
Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter.
If the relevant Pyth data is unavailable due to a system outage, data failure, or other technical disruption that prevents verification of the required 1-minute candle data, the official daily high price published for the Active Month Natural Gas (NG) futures contract by CME Group may be used to determine whether the listed price was reached during the applicable trading session.
Market Opened: Apr 25, 2026, 12:02 AM ET
Resolution Source
https://pythdata.app/explore?search=NGDResolver
0x65070BE91...For Natural Gas futures, the active month refers to the nearest listed contract month. The active month changes at 6:00:00 PM ET at the start of the trading session two business days prior to that contract's last trading day, at which point the next listed contract becomes the active month.
For Natural Gas (NG) futures, the last trading day is defined as the third last business day of the month prior to the contract month, consistent with CME contract specifications.
Only prices achieved during the applicable trading session for the underlying market will be considered. Under the standard schedule, trading is open from 6:00:00 PM ET Sunday through 5:00:00 PM ET Friday, with a daily break from 5:00:00 PM ET to 6:00:00 PM ET, except where modified by holiday or special-session hours as listed on Pyth.
Prices will be used exactly as published by Pyth, without rounding.
If the Active Month contract does not trade at all during the listed time frame, this market will resolve to "No".
In the event of a contract specification change, feed change, or similar structural modification affecting the underlying market during the listed time frame, this market will resolve based on adjusted prices as displayed on Pyth.
The resolution source for this market is Pyth — specifically, the Active Month Natural Gas futures "High" prices available at https://pythdata.app/explore?search=NGD, with the chart settings configured for 1-minute candles.
Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter.
If the relevant Pyth data is unavailable due to a system outage, data failure, or other technical disruption that prevents verification of the required 1-minute candle data, the official daily high price published for the Active Month Natural Gas (NG) futures contract by CME Group may be used to determine whether the listed price was reached during the applicable trading session.
Resolution Source
https://pythdata.app/explore?search=NGDResolver
0x65070BE91...Elevated natural gas storage levels and robust domestic production continue to weigh on Henry Hub prices as May 2026 progresses. Working gas inventories reached 2,290 Bcf by May 8, 6.5% above the five-year average, supported by net injections that exceeded seasonal norms amid mild shoulder-season temperatures. Lower-48 output has averaged near 108–110 Bcf/d, with growth in the Permian and Haynesville basins offsetting any maintenance-related dips. These supply-side pressures have kept spot prices trading in the $2.80–$3.00/MMBtu range recently, well below the EIA’s full-year 2026 average forecast of $3.50. Traders are now monitoring the transition to summer cooling demand, which could tighten balances if temperatures rise faster than expected, while LNG export flows and any late-season production curtailments remain key swing variables.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated



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