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Nat-Gas Prices Tumble as Weekly Inventories Surge

Energy Markets & PricesCommodities & Raw MaterialsCommodity Futures

July Nymex natural gas fell 0.098, or 3.08%, to a 2-week low after EIA inventories rose by 108 bcf for the week ended June 5, slightly above the 100 bcf expectation. The larger-than-expected storage build pressured prices and reinforced bearish supply fundamentals in the near term.

Analysis

July Nymex natural gas fell 0.098, or 3.08%, to a 2-week low after EIA inventories rose by 108 bcf for the week ended June 5, slightly above the 100 bcf expectation. The larger-than-expected storage build pressured prices and reinforced bearish supply fundamentals in the near term.

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Market Sentiment

Overall Sentiment

moderately negative

Sentiment Score

-0.35