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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Fall as Weekly EIA Inventories Climb More Than Expected

EIA Nymex United States BNEF Electricity Natural Gas

Aug Nymex natural gas (NGQ23) on Friday closed -0.027 (-1.03%).

Nat-gas prices Friday dropped to a 2-week low and closed moderately lower.  A larger-than-expected build in weekly EIA gas stockpiles weighed on prices after the EIA reported nat-gas inventories rose +72 bcf last week, above expectations of +65 bcf.  Also, normal to below-normal temperatures are forecast for the north-central and eastern U.S. from July 12-16, reducing nat-gas demand from electricity providers to power air conditioning.  

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