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Rich Asplund

THE TRUTH ABOUT: Nat gas prices close higher after eia gas inventories unexpectedly fall - Caught on Camera

EIA United States Nymex BNEF Natural Gas

December Nymex natural gas (NGZ23) on Wednesday closed up +0.051 (+1.79%).

Nat-gas prices Wednesday recovered from an 8-week low and posted moderate gains on a surprise drop in weekly supplies.  The EIA reported an unexpected -7 bcf decline in weekly nat-gas inventories versus expectations for a +3 bcf increase.   Also, short covering gave nat-gas prices a boost after the Commodity Weather Group said U.S. weather forecasts are trending colder in the Midwest and eastern U.S. toward the end of this month, which should boost heating demand for nat-gas.  

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