Natural Gas Futures Surge as Texas Withdrawal Sparks Market Rebound
TL;DR Summary
Natural gas futures prices received a boost after the Energy Information Administration (EIA) reported a smaller-than-expected net injection into storage inventories for the week ending August 18. The surprise report led to a 5.2 cent increase in September futures, with Texas being cited as a contributing factor by independent weather forecaster Corey Lefkof.
Topics:business#energy#energy-information-administration#futures-prices#natural-gas#storage-inventories#texas
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- Analysts Expect 33 Billion-Cubic-Foot Rise in U.S. Natural-Gas Inventories The Wall Street Journal
- Market Shrugs Off Shrinking Storage Surplus as Natural Gas Futures Continue Lower Early Natural Gas Intelligence
- Natural gas eased as the amount of gas flowing to LNG export is low. Investing.com India
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