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Barchart
Rich Asplund

Above-Average Build in Gas Storage Weighs on Nat-Gas Prices

EIA United States Nymex BNEF Natural Gas

August Nymex natural gas (NGQ26) on Thursday closed down -0.200 (-6.23%).

Nat-gas prices tumbled to a 1.5-month low on Thursday and settled sharply lower. Above-average weekly US nat-gas storage levels undercut prices. The EIA reported on Thursday that weekly EIA nat-gas inventories rose by +61 bcf for the week ended July 3, above the five-year average for the week at +51 bcf.

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