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Barchart
Rich Asplund

Nat-Gas Prices Settle Lower on Prospects of Higher EIA Inventories

EIA United States Nymex BNEF Natural Gas

June Nymex natural gas (NGM25) on Wednesday closed down by -0.060 (-1.77%).

June nat-gas prices settled moderately lower on Wednesday, based on the expectations of higher US nat-gas supplies.  Thursday's weekly EIA nat-gas inventories are expected to climb +109 bcf, well above the five-year average for this time of year of +58 bcf, as warm spring temperatures allow US supplies to build.  Also, NatGasWeather said Wednesday that near-normal weather across the US through May 14 will keep demand for nat-gas light, allowing inventories to climb even more.  

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