Natural gas trading range for the day is 186.8-194.4.
Natural gas dropped as the market ignored the storage deficit and focused instead on growing, record production.
The Energy Information Administration’s weekly natural gas storage report showing a miss to the low side of most estimates.
According to the EIA, producers injected 51 Bcf into Lower 48 gas stocks for the week-ended July 6, lower than the 59 Bcf injected last year.
Natural gas dropped as the market ignored the storage deficit and focused instead on growing, record production.
The Energy Information Administration’s weekly natural gas storage report showing a miss to the low side of most estimates.
According to the EIA, producers injected 51 Bcf into Lower 48 gas stocks for the week-ended July 6, lower than the 59 Bcf injected last year.
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