Natural Gas Supplies Rise; Gas Stocks See Slight Drop
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.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.