Natural Gas Market Reacts to EIA's Storage Injection, Prices Surge
TL;DR
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.
- EIA's 76 Bcf Storage Injection Stuns Natural Gas Market, Triggers Price Rally Natural Gas Intelligence
- Gas prices expected to rise following federal regulations CityNews
- Oil analyst talks gas prices, summer travel Fox Business
- Natural Gas Futures Recede Further as Traders Await Latest EIA Print Natural Gas Intelligence
- Natural Gas Forecast: Consolidates as Focus Shifts to European Demand and Global Economic Outlook DailyForex.com
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