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Barchart
Rich Asplund

MYSTERIOUS: Nat gas prices continue to retreat on ample inventories - You Need To See This

United States EIA Nymex BNEF Natural Gas

November Nymex natural gas (NGX25) on Friday closed down -0.040 (-1.20%), adding to Thursday's loss of -3.07%.

Nov nat-gas prices on Friday fell to a new 1-week low, extending the sell-off from Wednesday's 2-week high.  Nat-gas prices continued to sell off on Friday due in part to Thursday's bearish weekly EIA inventory report.  The EIA reported on Thursday that nat-gas inventories rose +87 bcf in the week ended October 17, above expectations of +83 bcf and the five-year average of +77 bcf.  

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