Natural Gas Futures Slide Despite May's 'Gigantic' Storage Builds.

Natural gas futures slid in early trading on Monday due to fading heating demand and the potential for hefty storage injections in the upcoming weeks. The May temperature outlook raises the prospect of a run of three or four weekly storage injections close to or surpassing the 100 Bcf mark. As cooling demand begins to take on greater significance as the market heads into the month of May, heating demand is poised to rapidly fade over the next couple of weeks, potentially contributing to "near-term difficulties for natural gas."