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Barchart
Rich Asplund

Nat-Gas Prices Fall on Abundant US Nat-Gas Supplies

EIA United States Nymex BNEF Natural Gas

December Nymex natural gas (NGZ24) on Thursday closed down by -0.054 (-1.97%)

Dec nat-gas prices retreated Thursday after weekly EIA supplies rose more than expected.  The EIA reported that nat-gas inventories for the week of November 1 rose +69 bcf, which was above expectations of +68 bcf and more than twice the five-year average for this time of year of +32 bcf.   A mixed weather forecast also weighed on nat-gas prices after Atmospheric G2 said Thursday that forecasts for the eastern half of the US swung cooler while the western part of the country moved warmer for November 12-16.

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