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November Nymex natural gas (NGX26 ) on Wednesday closed up +0.015 (+0.50%). Nat-gas prices recovered from early losses on Wednesday and settled higher on expectations for a smaller-than-average build in weekly gas storage. The consensus is that Thursday’s weekly EIA nat-gas inventories rose +63 bcf for the week ending…
November natural gas falls below $3.00 before EIA storage data as mild weather, high production and ample inventories keep sellers in control.
U.S. natural gas futures held steady on forecasts for steady demand over the next two weeks despite a bearish belief in the market that daily output will soon rise after the Mountaineer XPress pipe in West Virginia returned to service last weekend.