Despite a larger-than-expected stock increase, U.S. natural gas prices rose on Thursday to a two-week high on expectations of strong demand in the coming days and lower production. As of 11:40 a.m. ET on Thursday, the front-month natural gas futures at the Henry Hub were trading up by 2.61% at $8.398 per million British thermal units (MMBtu).
Working gas in storage was 2,501 Bcf as of August 5, a net increase of 44 Bcf from the previous week, the EIA estimated in its Weekly Natural Gas Storage Report on Thursday. The net increase last week exceeded…U.S. Natural Gas Rises To Two-Week High On Strong Demand
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