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Inventories Might Boost Natural Gas Prices

Robert Scott
Inventories Might Boost Natural Gas Prices

In the week ending August 3, the negative inventories spread, which is the difference between natural gas inventories and their five-year average, was at -19.5%. The inventories spread contracted by ten basis points compared to the previous week. On August 9, the EIA (U.S. Energy Information Administration) reported the natural gas inventory data for the week ending August 3.