Natural Gas rises on inventory data


EIA Natural Gas Inventory: +88 bcf vs. consensus of +93 bcf and +90 bcf last week.

Futures 1.3% to $3.834

ETFs: UNG, DGAZ, UGAZ, BOIL, GAZ, KOLD, UNL, NAGS, DCNG

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Comments (2)
  • Mike Maher
    , contributor
    Comments (2866) | Send Message
     
    Surprised it was below consensus, its been mild here - I thought it'd be above 100 again. Maybe prices have dropped enough that utilities are fuel switching a bit?
    31 Jul 2014, 10:43 AM Reply Like
  • Oyibo777
    , contributor
    Comments (76) | Send Message
     
    this week cooler than last week in midwest and east, NG well pipeline tie ins increasing (allegedly...), makes little sense, speculation on consumption only.
    31 Jul 2014, 12:55 PM Reply Like
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