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Rich Asplund

Nat-Gas Prices Fall as Weekly Inventories Fall Less Than Expected

EIA United States Donald Trump Electricity BNEF Natural Gas

April Nymex natural gas (NGJ25) on Thursday closed down -0.148 (-3.33%).

April nat-gas prices on Thursday retreated after weekly EIA nat-gas supplies fell less than expected. The EIA reported that nat-gas inventories for the week ended February 28 fell -80 bcf, a smaller draw than expectations of -93 bcf. The outlook for warmer US weather that will curb heating demand for nat-gas also weighed on nat-gas prices. On Thursday, forecaster Atmospheric G2 said that the eastern two-thirds of the US is expected to see spring-like warmth for March 11-15.

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