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Barchart
Rich Asplund

Nat-Gas Prices Tumble on Abundant U.S. Supplies

EIA United States Nymex BNEF Natural Gas

March Nymex natural gas (NGH24) on Thursday closed -0.041 (-2.31%).

Nat-gas prices on Thursday tumbled on abundant EIA nat-gas supplies.  The EIA reported Thursday that weekly nat-gas inventories fell -60 bcf, a much smaller draw than the 5-year average for this time of year of -168 bcf, which boosted current nat-gas inventories to +22.3% above their 5-year average.  U.S. nat-gas prices also had some negative carryover from a fall in European nat-gas prices Thursday to a 2-3/4 year low.

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