Natural Gas Market Reacts to EIA's Storage Injection, Prices Surge
Originally Published 2 years ago — by Natural Gas Intelligence
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.