Natural Gas Prices Jump Again On Smaller-Than-Forecast Stock Build

Natural Gas Prices Jump Again On Smaller-Than-Forecast Stock Build

OilPrice.com

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After surging more than 15 percent to over $2 per million British thermal units (MMBtu) on Wednesday, U.S. front-month natural gas futures rose by another 5 percent by mid-day on Thursday, after the EIA reported a smaller-than-expected natural gas injection into storage. As of 12:30 p.m. EDT on Thursday, the front-month Henry Hub futures price was $2.239/MMBtu, up by 5.27 percent on the day.   Earlier on Thursday, the EIA issued its weekly natural gas storage report, showing a net increase of 66 billion cubic feet (Bcf) from the previous week…

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