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Barchart
Rich Asplund

Nat-Gas Prices Tumble as Weekly EIA Inventories Jump

EIA United States Nymex BNEF Natural Gas

May Nymex natural gas (NGK25) on Thursday closed down by -0.092 (-3.04%).

May nat-gas prices on Thursday tumbled to a 5-month nearest-futures low and settled sharply lower on a larger-than-expected build in weekly EIA nat-gas supplies.  EIA nat-gas inventories rose +88 bcf for the week ended April 18, higher than expectations of +75 bcf and well above the five-year average for this time of year of +58 bcf.

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