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Barchart
Rich Asplund

Nat-Gas Recovers Early Losses on Expectations of Above-Normal U.S. Temps

EIA United States Nymex BNEF Electricity Natural Gas

July Nymex natural gas (NGN23) on Thursday closed up +0.023 (+0.99%).

July nat-gas Thursday recovered from early losses and closed moderately higher.  July nat-gas prices Thursday initially whipsawed lower on Thursday's weekly EIA nat-gas inventory report.  Nat-gas spiked higher briefly after the EIA report showed nat-gas inventories rose +104 bcf, below expectations of +114 bcf.  However, prices then whipsawed lower as the +104 bcf increase was above the 5-year average for this time of year of +100 bcf.  

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