Natural Gas Futures Settle Higher on Smaller Storage Build Expectations
Natural gas futures closed up 1% at $3.066 per mmBtu, driven by analyst expectations of smaller-than-usual inventory increases in the upcoming EIA storage report, signaling tightening supplies.
066 per mmBtu for the day, as analysts expected this week's EIA storage report to show smaller-than-usual builds in natural gas storage. "Supplies continue tightening," the source said, pointing to the last 8 EIA weekly storage reports printing smaller than normal.