Reported 2 days ago
Natural gas prices are increasing for the third consecutive session, closing at a 1.5-week high as US inventories showed a smaller-than-expected increase. The Energy Information Administration (EIA) reported a rise of only 18 bcf in inventories, below the anticipated 27 bcf, leading to a 3.5% decrease in supplies compared to last year. Predictions for cooler temperatures in the eastern US also supported price increases, though elevated production levels may counterbalance this trend.
Source: YAHOO