Markets

Morning Natural Gas Market Report

September natural gas traded higher during the early morning hours, helped in part by positive reversal action Thursday. Yesterday's EIA storage report showed a smaller than expected injection of 25 bcf, and that helped prices reverse early losses. Total storage stands at 2,783 bcf or 2.8% below the 5 year average. Over the last four weeks natural gas storage has increased 172 bcf. Some traders suggested that increasing storm activity in the tropics could be offering a level of support. While these storms have less than a 40% chance of turning to a Tropical Storm this weekend, they do highlight the threat of supply disruptions during the peak hurricane season.

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.

Other Topics

Commodities