Natural Gas Prices Jump On Smaller-Than-Expected U.S. Inventory Build ...Middle East

Economy by : (OILPRICE) -
The U.S. benchmark natural gas price reversed losses from earlier on Thursday and turned higher after the Energy Information Administration reported a smaller-than-forecast injection into storage. As of 11:30 a.m. on Thursday, the price of natural gas at Henry Hub was up by 2.34 percent at $2.754/ MMBtu. At the start of trading on Thursday, the price was at $2.688/ MMBtu, down from Wednesday’s close at $2.776/ MMBtu. The EIA’s weekly natural gas storage report showed today that working gas in storage was 1,883 billion cubic feet (Bcf)…

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