August Natural Gas Rises Amid Bullish Oil, Equities, Storage Data

摘要

Nymex August natural gas futures advanced to their biggest gain in nearly four months following strength in crude oil, equities, and weekly gas storage data that show the surplus of natural gas in the US is narrowing. "Some of the players in the gas market are starting to get a little bulled up because we've now seen 4 weeks in a row where storage came out on the lower end of expectations," a trader in Texas said. "With all the fallen rig counts, lower injections of storage are now suggesting that the decline in production is slowly starting to show up in the data."