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Rich Asplund

Nat-Gas Prices Rebound on the Outlook for a Smaller-Than-Average EIA Inventory Build

EIA United States BNEF Electricity Natural Gas

August Nymex natural gas (NGQ25) on Wednesday closed higher by +0.073 (+2.14%).

Aug nat-gas prices on Wednesday moved higher on the outlook for a smaller-than-average increase in weekly nat-gas inventories. Short covering emerged in nat-gas futures Wednesday on expectations that Thursday's weekly EIA nat-gas inventories will climb by +49 bcf for the week ended June 27, below the five-year average of +61 bcf for this time of year.

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