U.S. Natural Gas Inventories Rise More than Expected
Dow Jones10-29 22:50
1049 ET - U.S. natural gas inventories rose more than expected last week, slightly expanding the surplus over the five-year average, according to the EIA's latest report. Net injections into storage were 80 billion cubic feet, up from the five-year average for the week of 77 Bcf and above the 70 Bcf estimate in a WSJ survey of analysts. The storage build put inventories at 3,724 Bcf, or 38 Bcf above the 2021-2025 average. The surplus was 35 Bcf the previous week. Nymex natural gas futures are down 3.3% at $2.932/mmBtu.
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