Big increase Nat Gas inventories week ending 3 May------88 BCF

Natural-gas prices fall on rise in supply                                                                 (                                      NGM13                                 )                                                                  by Myra P. Saefong                            

SAN FRANCISCO (MarketWatch) -- Natural-gas futures lost more ground on Thursday, after the U.S. Energy Information Administration reported an 88 billion cubic foot increase in U.S. inventories for the week ended May 3. Analysts polled by Platts forecasted a climb between 86 billion cubic feet and 90 billion. Total stocks now stand at 1.865 trillion cubic feet, down 737 billion cubic feet from the year-ago level and 99 billion cubic feet below the five-year average, the government said. June natural gas     (ngm13)   was at $3.91 per million British thermal units, down 7 cents, or 1.8%. It was trading at $3.95 shortly before the data

Views: 120

Reply to This

Replies to This Discussion

What is surprising is that it is currently at $3.98 at 11:27 EST and is holding, apparently.

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service