NatGas Prices Hold As Inventory Surplus Expands Slightly

August 29, 2013

We examine the latest developments in the natural gas market.

 

Natural gas was last trading fractionally lower at $3.56/mmbtu after the Energy Information Administration reported that operators injected 67 billion cubic feet into storage last week, above most analysts’ expectations of a 62 bcf build.

The build was above last year’s build of 66 bcf and equal to the five-year average build of 63 bcf.

 

 

 

In turn, inventories now stand at 3,130 bcf, which is 244 bcf below the year-ago level and 50 bcf above the five-year average (calculated using a slightly different methodology than the EIA).

 

 

 

Find your next ETF

Reset All