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Will Inventory Data Push Natural Gas Prices Higher?

Robert Scott
Will Inventory Data Push Natural Gas Prices Higher?

In the week ending July 20, natural gas inventories rose by 24 Bcf (billion cubic feet) to 2,273 Bcf, according to EIA’s (U.S. Energy Information Administration) data released on July 26. The market expected an addition of 36 Bcf for the same week, according to Reuters’ estimates. On July 26, natural gas September futures rose 0.3%.