The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stockpiles increased by 33 billion cubic feet for the week ending August 10.
Analysts were expecting a storage injection of around 29 billion cubic feet. The five-year average for the week is an injection of 56 billion cubic feet, and last year’s storage increase for the week totaled 49 billion cubic feet. Natural gas inventories rose by 43 billion cubic feet in the week ending August 3.
Natural gas futures for September delivery traded down about a penny in advance of the EIA’s....More>>>