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Will Natural Gas Stocks’ Consensus Drag Natural Gas Prices Lower?

Natural Gas Prices Rise despite Oversupply Concerns

(Continued from Prior Part)

EIA stockpile report

The EIA (U.S. Energy Information Administration) is scheduled to release the weekly natural gas in storage report on August 27, 2015. Last week, the EIA reported that natural gas stocks rose by 53 Bcf (billion cubic feet) to 3,030 Bcf for the week ending August 14, 2015. Market surveys’ consensus had targeted a rise of 60 Bcf over the same period. However, the less-than-expected rise in US natural gas stocks supported...