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Barchart
Rich Asplund

Nat-Gas Prices Edge Lower on Expectations for Inventories to Build

Nymex United States Natural Gas BNEF EIA Electricity

July Nymex natural gas (NGN25) on Wednesday closed down by -0.026 (-0.74%).

July nat-gas prices on Wednesday added to this week's losses and fell to a 1-1/2 week low.   Prices moved lower on ample nat-gas supplies and expectations for inventories to build.  As of May 30, nat-gas inventories were +4.7% above their 5-year seasonal average, signaling adequate nat-gas supplies.  Also, the consensus is for Thursday's weekly EIA nat-gas inventories to climb by +107 bcf, a larger build than the five-year average for this time of year of +87 bcf.

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