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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Surge on Expectations of Lower-Than-Normal Inventory Build

September Nymex natural gas (NGU25) on Wednesday closed up +0.150 (+5.52%).

Sep nat-gas prices on Wednesday rallied sharply to a 1-week high on anticipation that Thursday's weekly storage report will show a lower-than-normal build in nat-gas inventories.  The consensus is that EIA nat-gas inventories rose +27 bcf for the week ended August 22, below the five-year average for this time of year of +38 bcf.  Thin trading conditions exacerbated gains in nat-gas prices as Wednesday was the last trading day for the September nat-gas futures contract.  

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