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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Fall as Weekly EIA Inventories Climb Above Expectations

July Nymex natural gas (NGN24) on Thursday closed down by -0.086 (-2.82%).  

July nat-gas prices settled moderately lower on Thursday after weekly EIA nat-gas supplies rose more than expected.  The EIA reported Thursday that nat-gas inventories for the week ended June 7 rose +74 bcf, above the consensus of +72 bcf, keeping nat-gas inventories +23.9% above their 5-year seasonal average and signaling robust supplies.

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