12:01 PM EDT, 05/05/2025 (MT Newswires) -- (Updates prices.)

Natural gas was steady midday Monday despite expectations weakening oil prices will cut into U.S. oil drilling and reduce production of associated gas.

Gas for June delivery were last seen unchanged at US$3.63 per million British thermal units.

OPEC+ over the weekend said it will add a second monthly supply addition of 411,000 barrels of oil per day in June, pushing oil prices to a four-year low. The weakening commodity is likely to cut into price-sensitive shale drilling in the United States and lower the output of natural gas associated with oil production.

"We saw the faster supply increase as bearish for crude oil price, with the potential to send WTI