US Natgas Prices Edge Up

AI Summary

US natural gas prices increased to $3.16 per MMBtu after a smaller-than-expected rise in storage was reported by the EIA. Inventory injections were below forecasts, contributing to the recent price movement in the natural gas market.

US natural gas prices rose to $3.16 per MMBtu after the latest EIA report showed a slightly smaller-than-expected increase in storage. US energy companies added 73 billion cubic feet of gas to inventories in the week ended June 12, below forecasts for a 75 bcf build. The increase compares with a 97 bcf injection during ...