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Investing.com reported that natural gas futures fell to a three week low Thursday. The drop followed the release of U.S. data indicating that supplies of LNG increased more than expected over the previous week.
Investing.com reported that natural gas futures fell to a three week low Thursday. The drop followed the release of U.S. data indicating that supplies of LNG increased more than expected over the previous week.
As quoted in the publication:
On the New York Mercantile Exchange, natural gas for delivery in June traded at $4.603 per million British thermal units during U.S. morning hours, down 2.9%, or 13.8 cents. Futures traded at $4.687 prior to the release of the supply data. Natural gas futures fell to a session low of $4.591 per million British thermal units earlier in the day, the weakest level since April 17. The June contract lost 1.23%, or 5.9 cents, on Wednesday to settle at $4.740 per million British thermal units.