Natural Gas Futures Regain Footing as Bulls Win Tug-of-War After EIA Storage Print

By Chris Newman

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Published in: Daily Gas Price Index Filed under:

Natural gas futures were lower ahead of and shortly after Thursday’s inventory report landed heavier than expectations, but prices ultimately regained their footing and pushed higher as the injection was lighter than seasonal norms, underscoring a tighter path for supply.

NGI's EIA Storage Chart

At A Glance:

  • EIA reports 58 Bcf injection
  • Spot prices fall
  • Possible Gulf Coast storm next week

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Chris Newman

Chris Newman joined NGI in October 2023. He worked 18 years at Argus Media, starting in 2004 in Washington, D.C., where he covered U.S. thermal/coking coal markets and rail transportation. In 2014, he moved to Singapore to help lead Argus’ coverage of steel and its raw material feedstocks. A graduate of the University of Virginia, Chris returned to his native Virginia in 2021.