Smaller-Than-Expected Natural Gas Storage Increase Lifts Prices
Natural gas prices rose sharply on Thursday after the EIA reported a smaller-than-expected increase in weekly storage levels. The report showed inventories rising by 73 billion cubic feet (bcf), below expectations of +80 bcf, while warmer weather forecasts and short positions held by hedge funds also supported price gains.
Topics: EIA report natural gas prices storage levels weather impact