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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Decline on Surging US Inventories

United States EIA Nymex BNEF Freeport Natural Gas

April Nymex natural gas (NGJ24) on Friday closed down by -0.024 (-1.43%).

Nat-gas prices Friday posted moderate losses on abundant US supplies.  Thursday's EIA inventory report showed that US nat-gas inventories are +41.0% above their 5-year average as of March 15, the most in nearly eight years.  Losses in nat-gas prices were limited by forecasts for colder US temperatures, which will boost heating demand for nat-gas.  On Friday, atmospheric G2 said the Midwest and western US will see below-normal temperatures from March 27 to 31.

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