Investor Buying Brings Gas Futures Up

The Wall Street Journal reported that natural gas futures rose on investor buying ahead of the US Energy Information Administration’s upcoming gas inventories report.

As quoted in the market news:

Natural gas for October delivery rose 4.2 cents, or 1.5%, to recently trade at $2.804 per million British thermal units on the New York Mercantile Exchange.

The U.S. Energy Information Administration is expected to report gas inventories rose 67 billion cubic feet last week, according to a survey of analysts and traders. If correct, inventories will come in below last year’s 89-bcf injection and below the 73-bcf five-year average build for the same period.

Click here to read the full report from The Wall Street Journal.