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Barchart
Rich Asplund

Nat-Gas Prices Rebound in Anticipation of a Large Inventory Withdrawal

United States Gas Prices EIA Natural Gas Nymex BNEF

March Nymex natural gas (NGH26) on Wednesday closed up by +0.044 (+1.41%).

March nat-gas prices recovered from a 4-week nearest-futures low on Wednesday and moved higher as short-covering emerged in anticipation of a greater-than-normal withdrawal of US nat-gas storage levels.  The consensus is that Thursday's weekly EIA nat-gas inventories will decline by -257 bcf for the week ended February 6, a much larger draw than the five-year average for this time of year of -146 bcf.  

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