Natural Gas Futures Prices Clobbered After EIA Reports High-Side 29 Bcf Storage Build
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The Energy Information Administration (EIA) said natural gas storage inventories rose by 29 Bcf for the week ending Aug. 4. The larger-than-expected injection sent futures prices, already more than 5.0 cents lower day/day, tumbling further.
The September Nymex futures contract was trading around $2.885/MMBtu in the minutes leading up to the EIA’s weekly inventory report and…
This story from naturalgasintel.com was posted on 2023-08-10 by @frostspark.