Natural Gas Settles Higher on Storage Build Projections
Dow Jones
Oct 06
1557 ET - Natural gas futures settled up 1% to $3.066 per mmBtu for the day, with analysts anticipating that this week's EIA storage report will show smaller-than-usual builds in natural gas storage. "Supplies continue tightening, evidenced by the last 8 EIA weekly storage reports printing smaller than normal builds," says NatGasWeather.com in a note. "The streak is expected to extend to 9-weeks after this Thursday's EIA report prints another smaller than 5-year average build." The EIA reported a 64 bcf build in inventory last week.
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