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Rich Asplund

Nat-Gas Prices Erase Early Gains on Expectations for EIA Inventories to Build

EIA United States Nymex BNEF Natural Gas

October Nymex natural gas (NGV25) on Wednesday closed down -0.003 (-0.10%).

Oct nat-gas prices fell from a 1-week high on Wednesday and settled slightly lower on expectations for a larger-than-average build in weekly EIA nat-gas inventories.  The consensus is that Thursday's weekly nat-gas inventories will rise rose by +81 bcf for the week ended September 12, above the five-year average of +74 bcf.

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