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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Plunge as EIA Inventories Climb and US Temps Cool

EIA United States Nymex BNEF Natural Gas

October Nymex natural gas (NGV25) on Thursday closed down -0.161 (-5.19%).

Oct nat-gas prices sold off sharply on Thursday due to a larger-than-expected build in weekly EIA nat-gas inventories.  The EIA reported Thursday that nat-gas inventories rose +90 bcf in the week ended September 12, above expectations of +81 bcf and well above the five-year average for this time of year of +74 bcf.  

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