Natural Gas Supplies Rise

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In a just released report,,according to EIA estimates working gas in storage rose to 2,389 Bcf as of Friday, August 1, 2014. 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 5-year average of 2,997 Bcf. Shares of US Natural Gas Fund
UNG
, were little changed following the report. Shares in some of the larger natural gas stocks did trade lower following the report. Apache
APA
is down nearly 1 percent at 99.16 Chesapeake Energy
CHK
shares are also near the lows of the day at 26.18, despite an earlier upgrade.
Posted In: News
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