Natural gas futures remained lower after data showed U.S. inventories increased by more than usual last week. The report came from Wall Street Journal Markets, which covered the weekly storage figures and their immediate effect on trading.
According to the data, U.S. natural gas inventories rose by 77 billion cubic feet during the period. The increase was larger than typical for the time frame under review.
Traders monitored the inventory release as a gauge of supply and demand balance. The bigger-than-usual build pointed to ample supplies in the market.
Natural gas futures contracts stayed under pressure as investors reacted to the storage numbers. The inventory data contributed to a bearish tone in trading.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing