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Rich Asplund

Nat-Gas Prices Underpinned by Shrinking US Inventories

United States Gas Prices EIA Nymex Natural Gas BNEF

October Nymex natural gas (NGV25) on Friday closed up +0.053 (+1.80%).

Oct nat-gas prices on Friday rose for the third consecutive session and posted a 1.5-week high. Nat-gas prices moved higher Friday on signs of tighter supplies after the EIA reported on Thursday that nat-gas inventories rose +18 bcf in the week ended August 22, below the consensus of +27 bcf. US nat-gas supplies are now down -3.5% from the same time last year.

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