U.S. Natural Gas Retreats on Above-Estimate Storage Build
Dow Jones
Yesterday
1101 ET - U.S. natural gas futures give up gains as a weekly inventory build comes in above expectations. Gas in underground storage increased by 85 billion cubic feet to 3,500 Bcf in the week ended Oct. 2, the EIA reports. The increase was below the five-year average for the week of 96 Bcf, but above the 79 Bcf estimate in a WSJ survey of analysts. Inventories stood 68 Bcf above the 2021-2025 average, compared with a surplus of 79 Bcf the previous week. Nymex natural gas is off 0.8% at $3.177/mmBtu.
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