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US Natural Gas Inventories Push Natural Gas Prices Higher

Gordon Kristopher
US Natural Gas Inventories Push Natural Gas Prices Higher

On May 10, the EIA released its natural gas storage report. The EIA reported that US natural gas inventories increased by 89 Bcf (billion cubic feet) to 1,432 Bcf on April 27–May 4. However, the inventories dropped by 863 Bcf or 38% from a year ago.