Natural Gas Futures Head Higher as Hotter Forecasts Trump Bearish EIA Storage Miss
Price bulls shook off a bearish government inventory report to send natural gas futures higher for a second day Thursday.
Price bulls shook off a bearish government inventory report to send natural gas futures higher for a second day Thursday.
The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 98 Bcf natural gas into storage for the week ended May 31. The result was higher than expected and erased most of the day/day gains for Nymex natural gas futures.
The U.S. Energy Information Administration (EIA) on Thursday reported an 84 Bcf injection into natural gas storage for the week ended May 24. The print was above most expectations, but below historical averages.
June Nymex natural gas futures took a beating on its final day, with the lead contract Wednesday rolling off the board down 9.7 cents as the prognosis for supply and demand slightly shifted.
Overbought June Nymex natural gas futures were pummeled Thursday as the market shrugged off fundamental bullishness and a miss in government storage data.
The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 78 Bcf natural gas into storage for the week ended May 17. The print was a bullish miss against expectations and historical averages.
Natural gas futures on Thursday soared amid rising demand and the release of the latest storage data outlining an injection that was a bullish miss against expectations and historical averages.
The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 70 Bcf natural gas into storage for the week ended May 10. The result was a miss against expectations and historical averages.
Natural gas futures were trading lower early Friday as uncertainty over near-term weather demand shifted attention away from a rebound in Freeport LNG feed gas flows and Thursday’s bullish government storage report.
Natural gas futures flew higher Thursday, gaining ground for the fifth time in six sessions as production continued to slide and storage excesses gradually narrowed.