By FX Empire.com
Natural gas prices gained on Thursday after the EIA report showed natural gas inventories rose below expectations, where the EIA report showed natural gas stockpiles increased by 103 billion cubic feet, below median estimates of 110 cubic feet, and compared with the prior increase of 112 billion cubic feet.
Nonetheless, the increase in the EIA report was nearly double the five-year average gain for the week at 58 billion cubic feet, and that could boost expectations that supply of natural gas is approaching a record high ahead of the winter season, and that could push natural gas price lower over the coming period.
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