Market Overview

Natural Gas Supplies Rise; Gas Stocks See Slight Drop

Share:
Related UNG
The Fall In Oil Is Bad Even Compared To Natural Gas
Expect More MLP ETFs To Come To Market
Post-Peak Coal: No Way Back As Natural Gas Gains U.S. Market Share (Seeking Alpha)

According to EIA estimates, working gas in storage rose to 2,389 Bcf as of Friday, August 1.

This represents a net increase of 82 Bcf from the previous week. Stocks were 538 Bcf less than last year at this time and 608 Bcf below the five-year average of 2,997 Bcf.

Shares in some of the larger natural gas stocks traded lower following the report.

Shares of U.S. Natural Gas Fund (NYSE: UNG) are down about one percent.

Apache (NYSE: APA) shares were last down 1.6 percent, while Chesapeake Energy (NYSE: CHK) was down 1.11 percent.

Posted-In: News Commodities Markets

 

Related Articles (APA + CHK)

View Comments and Join the Discussion!

Get Benzinga's Newsletters