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Barchart
Barchart
Rich Asplund

THE TRUTH ABOUT: Growing us nat gas storage hammers prices - The Untold Story

United States EIA Nymex Natural Gas BNEF

May Nymex natural gas (NGK26) on Thursday closed down -0.108 (-3.97%).

Nat-gas prices tumbled to a 1-week low on Thursday and settled sharply lower.  Growing US nat-gas storage levels knocked prices lower on Thursday after weekly EIA nat-gas inventories rose +103 bcf, above expectations of +97 bcf and well-above the five-year average for this time of year of +64 bcf.  

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