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Natural gas extends losses on rising U.S. inventory levels

Investing dot com -- Natural gas price carried Thursday's losses into Friday after official data revealed the stockpiles in the U.S. rose more than expected last week.

In the New York Mercantile Exchange, natural gas futures for delivery in July traded at USD3.785 per million British thermal units, down 2.39%.

The commodity hit a session low of USD3.767 and a high of USD3.904.

The U.S. Energy Information Administration said in its weekly report on Thursday that natural gas storage in the U.S. in the week ended June 14 rose by 91 billion cubic feet, above market expectations for an increase of 90 billion.

Inventories rose by 63 billion cubic feet in the same week a year earlier, while the five-year average change for the week is a rise of 80 billion cubic feet.

Total U.S. natural gas storage stood at 2.438


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Submitted Jun 22, 2013 By: kx250
Category: Daily News Article Discussions > Topics Add to favorite topics  
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REPLIES (newest first) Post a Reply
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niceguytx
Champion Author Houston

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Message Posted: Jun 29, 2013 1:43:35 PM

I hope prices fall soon.
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honda0105
Champion Author Tallahassee

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Message Posted: Jun 28, 2013 5:47:05 AM

well, 032, it probably won't be coming down at the end consumers' level for a while. We know how much PigOil loves profits.
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032946
Champion Author Twin Cities

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Message Posted: Jun 23, 2013 5:45:16 PM

What I get charged for natural gas hasn't gone down.
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52MPG
Champion Author Dayton

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Message Posted: Jun 23, 2013 11:12:37 AM

Market forces at work.
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Tiernan
Champion Author Chicago

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Message Posted: Jun 23, 2013 12:43:47 AM

Hopefully we'll be able to benefit from this.
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goldseeker
Champion Author West Virginia

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Message Posted: Jun 23, 2013 12:21:44 AM

Who cares?
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Double_Golden
Champion Author San Francisco

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Message Posted: Jun 23, 2013 12:13:41 AM

whatever...
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billwho
Champion Author El Paso

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Message Posted: Jun 23, 2013 12:13:00 AM

Fact that the EIA is a governmental group in its self, means that they are never wrong. Right ? Let us say that I tell you that I have $2.38 in my pocket, what if I have $4.55, who is to know ?
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Ahking
Champion Author Orange County

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Message Posted: Jun 23, 2013 12:10:09 AM

perhaps we are more efficient now.
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Tsunamiron
Champion Author Jacksonville

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Message Posted: Jun 23, 2013 12:08:55 AM

Way too expensive in Florida.
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heartbroken2010
Champion Author Ottawa

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Message Posted: Jun 23, 2013 12:08:44 AM

Just a blip.
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TedNC
Champion Author North Carolina

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Message Posted: Jun 23, 2013 12:06:18 AM

Still too high.
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DragonLady76
Champion Author Illinois

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Message Posted: Jun 23, 2013 12:05:30 AM

IT HAPPENS!
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TxMtb
Champion Author Ohio

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Message Posted: Jun 23, 2013 12:05:06 AM

All speculation in a way.
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Beboper
Champion Author Virginia

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Message Posted: Jun 23, 2013 12:04:48 AM

old news
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PrinceLH
Champion Author Ontario

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Message Posted: Jun 23, 2013 12:04:01 AM

Right!
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Toppers
Champion Author Atlanta

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Message Posted: Jun 23, 2013 12:03:49 AM

Not hard to believe
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mlmeng
Champion Author Michigan

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Message Posted: Jun 23, 2013 12:03:31 AM

Inventories would go down if consumer cars that run on natural gas were more prevelant.
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ClassicWheeler
Champion Author Montgomery

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Message Posted: Jun 23, 2013 12:02:39 AM

I wonder who has their hands in this one?
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bolobill
Champion Author Michigan

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Message Posted: Jun 23, 2013 12:01:19 AM

ok
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mstearno
Champion Author Dayton

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Message Posted: Jun 22, 2013 11:56:21 PM

esting
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mrbee
Champion Author Little Rock

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Message Posted: Jun 22, 2013 11:49:40 PM

For now!
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TheeRedRam
Champion Author Hartford

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Message Posted: Jun 22, 2013 11:49:21 PM

getting crazy out there
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MDTDriver
Champion Author California

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Message Posted: Jun 22, 2013 11:48:30 PM

The price should go down? Right!
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texashoudini
Champion Author Austin

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Message Posted: Jun 22, 2013 11:47:49 PM

Gasoline inventories are also high. So........
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Blue48
Champion Author Illinois

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Message Posted: Jun 22, 2013 11:44:52 PM

THAT'S THE WAY IT GOES!
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vjs3
Champion Author Denver

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Message Posted: Jun 22, 2013 11:42:16 PM

Hope this is good news for the consumer.
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rawdog1313
Champion Author Lexington

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Message Posted: Jun 22, 2013 11:41:59 PM

OK.....
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Liberty2000
Champion Author Indianapolis

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Message Posted: Jun 22, 2013 11:39:43 PM

This can't be good! Gotta get those gas prices up.

Destroy anything that benefits the consumer.
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boatmen
Champion Author New York

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Message Posted: Jun 22, 2013 11:37:19 PM

should be good for end user
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fowlcan
Champion Author Oklahoma City

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Message Posted: Jun 22, 2013 11:33:30 PM

CNG is the way to go.
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drobbbb
Champion Author Maryland

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Message Posted: Jun 22, 2013 11:30:43 PM

we need cng cars and infrastructure
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jnseyeongas
Champion Author Milwaukee

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Message Posted: Jun 22, 2013 11:24:40 PM

Ya
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Rancher23
Champion Author Cincinnati

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Message Posted: Jun 22, 2013 11:22:04 PM

ok!
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bladecutter
Champion Author Houston

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Message Posted: Jun 22, 2013 11:13:27 PM

There is a lot of Natural gas out there to be sold.
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methaneman
Champion Author Minnesota

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Message Posted: Jun 22, 2013 11:09:52 PM

Use nat gas to push the price of diesel lower.
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my2002m
Champion Author Tulsa

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Message Posted: Jun 22, 2013 11:08:31 PM

Good news for the consumer. Need more inventory on gasoline and oil now.
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foreyearrunner
Champion Author Illinois

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Message Posted: Jun 22, 2013 11:08:21 PM

This souce is our future, we must get going with it. Using this in Semi trucks would make a big big dent in our foreign oil dependance.
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darkknight1
Champion Author Winston-Salem

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Message Posted: Jun 22, 2013 11:08:07 PM

ok
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dbadave
Champion Author Colorado

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Message Posted: Jun 22, 2013 11:07:22 PM

NG pricing plays by the supply/demand market rules? let's hope they don't take a page from the oil/gas mob.
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BREW9
Champion Author Tampa

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Message Posted: Jun 22, 2013 11:07:18 PM

ok
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ldiggy
Champion Author Wilmington

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Message Posted: Jun 22, 2013 11:02:59 PM

Ok.
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SpankyMI
Champion Author Kalamazoo

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Message Posted: Jun 22, 2013 10:58:33 PM

More IS better, for the consumers!
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cifuentesab
Champion Author Sacramento

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Message Posted: Jun 22, 2013 10:57:13 PM

Again
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granitestater
Champion Author New Hampshire

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Message Posted: Jun 22, 2013 10:55:54 PM

And they want to put more in a cave in Cleveland...
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30mpg80
Champion Author Lexington

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Message Posted: Jun 22, 2013 10:55:12 PM

The speculators bid it up, then run scared if someone hiccups
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flyfast
Champion Author Kansas City

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Message Posted: Jun 22, 2013 10:43:26 PM

more BS
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HedTurnr
All-Star Author Oakland

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Message Posted: Jun 22, 2013 10:41:58 PM

Get rid of big oil and nationalize the natural gas business.
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CCLighthouse
Champion Author Hartford

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Message Posted: Jun 22, 2013 10:41:52 PM

I think it's called the big roller coaster ride. Weeeeee! Weeeee! Weeeeee!
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orcar
Champion Author Boise

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Message Posted: Jun 22, 2013 10:36:20 PM

ok
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