US Gas Futures Up on EIA Data Expectations

The Wall Street Journal reported that natural gas futures rose on anticipation that US Energy Information Administration data will show a rise in gas storage that is smaller than normal.

As quoted in the market news:

November-delivery gas futures on the New York Mercantile Exchange were trading 3.2 cents higher at $3.507 per million British thermal units.

Natural gas for next-day delivery at the benchmark Henry Hub in Louisiana recently traded at $3.325/mBtu, according to IntercontinentalExchange, compared with Wednesday’s average of $3.2375/mmBtu. Natural gas for next-day delivery at Transcontinental Zone 6 in New York traded at $3.545/mmBtu, compared with $3.46/mmBtu Wednesday.

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