U.S. Markets close in 5 hrs 57 mins

Higher Inventory Might Support Natural Gas Prices

Robert Scott
Higher Inventory Might Support Natural Gas Prices

In the week ending August 10, the negative inventories spread, which is the difference between natural gas inventories and their five-year average, was at -20%. The inventories spread expanded by almost 50 basis points compared to the previous week. On August 16, the EIA (U.S. Energy Information Administration) reported the natural gas inventory data for the week ending August 10.