U.S. Natural Gas Futures Fall Ahead of Storage Data

Dow Jones
08/13

0935 ET - U.S. natural gas futures are lower ahead of the EIA's weekly inventory report due at 10:30 a.m. ET. Analysts in a WSJ survey expect a 30 Bcf storage injection, slightly smaller than the 33 Bcf five-year average. That would trim the inventory surplus over the five-year average to 192 Bcf from 195 Bcf the previous week. "Without a bullish EIA print or continued warm weather, ebbing momentum could limit short-term upside," Eli Rubin of EBW Analytics says in a note. Nymex natural gas is down 2.4% at $2.737/mmBtu.

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