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Barchart
Rich Asplund

Nat-Gas Prices Push Higher on As-Expected Weekly Storage Build

United States EIA Nymex BNEF Natural Gas

October Nymex natural gas (NGV25) on Wednesday closed up +0.046 (+1.61%).

Oct nat-gas prices settled higher on Thursday due to an in-line weekly storage report.  The EIA reported nat-gas inventories rose +75 bcf for the week ended September 19, close to forecasts.  Prices fell back from their best levels as US weather forecasts cooled, which will reduce natural-gas demand from electricity providers to run air conditioning.  NOAA said forecasts shifted cooler for the eastern and southern US for September 20 to October 4.

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