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Higher Inventories Could Support Natural Gas Prices

Robert Scott
Higher Inventories Could Support Natural Gas Prices

In the week ending June 8, natural gas inventories rose by 96 Bcf (billion cubic feet) to 1,913 Bcf—based on the EIA’s (U.S. Energy Information Administration) data announced on June 14. The addition was 8 Bcf more than the expectations in a survey by S&P Global Platts. On June 14, natural gas July futures rose 0.1%.