Market Overview

Natural Gas Supplies Rise; Gas Stocks See Slight Drop

Share:
Related UNG
Natural Gas: Morgan Stanley's 2018 Outlook
Traders Show Sudden Enthusiasm For This Nat Gas Trade
Nat gas names likely to keep struggling in 2018, Morgan Stanley says (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!