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8/18, 4:56 PM (Source: TeleTrader)
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F NG-0.96%

6.8260
Chart for: F NG 11/22

US natural gas futures rise following EIA report

United States natural gas futures rose over 2% on Thursday after the Energy Information Administration (EIA) posted the latest report on gas inventories in the United States.

According to the report, working gas in storage stood at 2,519 billion cubic feet (bcf) as of Friday, August 12, representing a net gain of 18 bcf from the previous week. However, the organization also noted that gas stocks were 296 bcf lower and 367 bcf below the 5-year average of 2,886 bcf.

US natural gas futures for delivery in September went up by 2.29% to sell for $9.4620 per million British thermal units at 10:43 am ET.

Baha Breaking News (BBN) / JG