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Barchart
Barchart
Rich Asplund

YOU WONT BELIEVE: Ample supplies pressure nat gas prices | Mind Blowing Facts

July Nymex natural gas (NGN25) on Thursday closed down by -0.015 (-0.43%).

July nat-gas prices on Thursday settled lower on signs of building US nat-gas supplies.  Thursday's weekly EIA nat-gas inventories rose +109 bcf, slightly above expectations of +108 bcf and well above the five-year average for this time of year of +87 bcf.  As of June 6, nat-gas inventories were +5.4% above their 5-year seasonal average, signaling adequate nat-gas supplies.  

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