The Energy Information Administration (EIA) on Thursday reported a triple-digit weekly natural gas storage injection that fell right in line with expectations, leaving the bears and bulls to continue tussling over a range-bound market.
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The Energy Information Administration (EIA) on Thursday reported a weekly natural gas storage injection that came in on the low side of expectations, and futures picked up some bullish momentum on the news.
June natural gas was set to open Thursday near even at around $2.753/MMBtu, with the market turning its attention to the 10:30 a.m. ET release of government storage data, which may finally usher in the start of injections.
The Energy Information Administration (EIA) reported a net injection into U.S. gas stocks for the week ended Dec. 1, a bearish miss on what was already a bearish consensus leading up to the report.
December natural gas was set to open nearly 3 cents higher at around $3.202 Thursday, with all eyes turning to the 10:30 a.m. release of the Energy Information Administration’s (EIA) weekly storage figure. Overnight oil markets were mixed.
November natural gas is set to open 6 cents higher Tuesday morning at $3.01 as weather models insert cooler temperatures in the latter stages of the near-term forecast. Overnight oil markets rose.
November futures worked higher Thursday following a report by the Energy Information Administration (EIA) showing a storage injection that was far less than what traders were expecting.
An appeals court sided with EQT Corp. this week, affirming a district court’s decision to strike down a West Virginia county’s ordinance banning oil and natural gas wastewater injection wells.
September natural gas is set to open about a penny lower Thursday as traders look ahead to the 10:30 a.m. EDT release of the Energy Information Administration’s storage report for the week ended Aug. 11.
September natural gas was set to open about a penny lower at $2.973 Friday, holding onto most of Thursday’s 10-cent gain as overnight weather data showed little to push the market in either direction. Overnight oil markets were down slightly.