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Could Inventories Boost Natural Gas Prices?

Robert Scott
Could Inventories Boost Natural Gas Prices?

According to the EIA (U.S. Energy Information Administration), natural gas inventories rose by 51 Bcf (billion cubic feet) to 2,203 Bcf in the week ended July 6. In the past five years, natural gas inventories have risen by an average of ~77 Bcf at this time of the year. However, on July 12, natural gas August futures fell 1.1% because of supply concerns.