Friday, 11 May 2018

Naturl Gas Gained Despite A Larger Than Expected Inventory Build

Natural gas trading range for the day is 180.8-193.4.

Natura lgas gained despite a larger than expected inventory build. Prices initially moved lower following a larger than expected build in natural gas inventories.

The US EIA said in its weekly report that natural gas storage in the U.S. rose by 89bcf in the week ended May 4, compared to forecasts for a gain of 81 bcf.

Warmer than normal weather is forecast to cover most of the United States for the next 8-14 day according to the NOAA.

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