1507 ET - U.S. natural gas futures add to the previous session's gains as the July contract debuts at the front of the curve. The EIA reported a 92 Bcf net storage injection for last week, which reduced the surplus over the five-year average to 144 Bcf from 149 Bcf. The inventory build was smaller than the 97 Bcf average and the 96 Bcf estimate in a WSJ survey of analysts. "The market's strong response to a seemingly small miss attests to a sensitivity to even minor supportive headlines," Ritterbusch & Associates says in a note. Price moves are accentuated by bullish trader positioning, the firm adds. Nymex gas for July delivery settles up 6.1% at $3.285/mmBtu.(anthony.harrup@wsj.com)
(END) Dow Jones Newswires
May 28, 2026 15:07 ET (19:07 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments