Natural Gas Futures Rise as EIA Storage Print Reduces Surplus
TL;DR Summary
Natural gas futures rebounded as traders anticipated the latest U.S. Energy Information Administration (EIA) storage report, which is expected to show a smaller-than-average increase in domestic storage for the week ending August 11. Estimates suggest a 34 Bcf injection, tighter than the five-year average of 41 Bcf. This could help trim the current storage surplus.
Topics:business#domestic-storage#eia-storage-report#energy#injection-estimate#natural-gas-futures#storage-surplus
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