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Barchart
Rich Asplund

Nat-Gas Prices Slip on Expectations for Weekly EIA Stockpiles to Climb

EIA United States Nymex BNEF Natural Gas

June Nymex natural gas (NGM23) on Wednesday closed down -0.011 (-0.46%).

Jun nat-gas on Wednesday closed moderately lower on expectations for a larger-than-normal build in weekly nat-gas inventories.  The consensus is for Thursday's weekly EIA nat-gas inventories to climb +108 bcf, well above the 5-year average for this time of year of +91 bcf.  Limiting losses in nat-gas is a decline in Canadian nat-gas production as wildfires continue to rage in western Canada.

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