The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 21 Bcf natural gas into storage for the week ended Aug. 2. The result, slightly below expectations, came despite a jump in renewable power that threatened a bearish miss.
The September Nymex contract was down 6.6 cents at $2.046/MMBtu ahead of the 10:30 a.m. ET government report. Shortly after the print, the prompt month moved higher by around 2.0 cents. By 11 a.m. ET, futures had pushed even higher, with the contract down 1.4 cents day/day at $2.098.
