Natural Gas Market Reacts to EIA's Storage Injection, Prices Surge
TL;DR Summary
The U.S. Energy Information Administration (EIA) reported a storage injection of 76 Bcf for natural gas, which was lower than expected and triggered a price rally. The August Nymex gas futures contract initially traded slightly lower but jumped more than 5 cents after the EIA report. However, some of those gains were erased later in the day.
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