U.S. Natural Gas Futures Edge Higher

Dow Jones
3 hours ago

1537 ET - U.S. natural gas futures settle modestly higher after the EIA reported a fourth straight below-average weekly storage build, although the 40 Bcf injection landed above market expectations. "With weather-related demand continuing to wane and reduced consumption over Labor Day weekend, we would expect storage injections to trend higher beginning with next week's report," Andy Huenefeld of Pinebrook Energy Advisors says in a note. "From there, builds will ramp until heating demand begins driving more consumption in October." Nymex natural gas settles up 0.4% at $2.834/mmBtu.

 

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