Natural Gas Futures Rise as EIA Storage Print Reduces Surplus
Originally Published 2 years ago — by Natural Gas Intelligence
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.