Overview of Week Ending June 13

• Natural gas prices, led by the futures market, declined moderately in nearly all markets over the week. At the New York Mercantile Exchange (NYMEX), the July 2012 natural gas contract ended the week down 23.6 cents per million British thermal units (MMBtu) to close at $2.185 per MMBtu on June 13.
• The Henry Hub price followed the NYMEX lead, closing at $2.18 per MMBtu on June 13, down 23 cents per MMBtu for the week.
• Working natural gas in storage rose last week to 2,944 Bcf as of Friday, June 8, according to EIA’s Weekly Natural Gas Storage Report (WNGSR). An implied storage build of 67 Bcf for the week positioned storage volumes 708 Bcf above year-ago levels.
• The natural gas rotary rig count, as reported by Baker Hughes Incorporated on June 8, slid by 23 to 565 active units. Meanwhile, oil-directed rigs increased by 28 to 1,414 units.

Read the full update for more details on prices, supply and demand, storage and production.