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Natural Gas Rises Slightly Ahead Of Expected U.S. Inventory Build - The Wall Street Journal

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Natural Gas Rises Slightly Ahead Of Expected U.S. Inventory Build - WSJ

Oct. 26, 2023 9:41 am ET

0934 ET – Natural gas futures rise 0.5% to $3.022/mmBtu ahead of a weekly report expected to show US inventories still above a five-year average. Analysts surveyed by The Wall Street Journal forecast an increase of 79 billion cubic feet, down from last week’s surprisingly high build of 97 bcp. NatGasWeather.com says in a report that models point to “national demand remaining light to very light through Saturday due very nice highs of 50s to 70s over the eastern…US and 60s to 80s over the southern US.” Higher demand is expected next week “as a cold shot sweeps across the northern and central US,” the report says. ( paulo.trevisani@wsj.com; @ptrevisani)

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