Markets

Morning Natural Gas Market Report

June natural gas prices traded higher during the initial morning hours and reached their best level since March 28th. Some traders indicated that there seemed to be a shift in sentiment during yesterday's session after a smaller than expected storage build. The weekly EIA natural gas storage report showed an injection of 31 bcf, which brought total storage to 1,685 bcf. Current storage is now running at a 0.6% deficit of the 5 year average. Over the last four weeks natural gas storage has increased by 61 bcf. Additionally, the demand outlook for natural gas has garnered support from the growing number of US nuclear plant outages. By some accounts, US nuclear capacity stands at about 69%, well below normal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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