U.S. Natural Gas Futures Inch Down in Choppy Trade
Dow Jones
Yesterday
1639 ET - U.S. natural gas futures end a choppy session little changed with some support from a below-average weekly storage build that trimmed the inventory surplus over the five-year average to 118 Bcffrom 148 Bcf. Storage increases have been limited by late-season heat driving power-sector demand. "Despite lingering heat relative to normal, temperatures are still trending lower at this point in the season," Andy Huenefeld of Pinebrook Energy Advisors says in a note. "This points to stronger storage builds in the weeks to come until the onset of more significant heating needs in October." Nymex natural gas slips 0.3% to $2.901/mmBtu.
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