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Daily Prices

8/30/24

Natural Gas Futures Tread Lightly Ahead of EIA Storage Print

By Kevin Dobbs

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Published in: Daily Gas Price Index Filed under:

With mixed weather patterns and a government inventory update only hours away, natural gas futures traded lower early Thursday.

Morning market report

The September Nymex gas futures contract was down 4.0 cents to $2.137/MMBtu at 8:40 a.m. ET. This followed a 2.1-cent loss the previous session. NGI’s Spot Gas National Avg. shed 9.5 cents to $1.530 on Wednesday.

The market was braced for today’s U.S. Energy Information Administration (EIA) storage report covering the week ended Aug. 16. It was slated for release at 10:30 a.m. ET.

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Kevin Dobbs

Kevin Dobbs joined the staff of NGI in April 2020. Prior to that, he worked as a financial reporter and editor for S&P Global Market Intelligence, covering financial companies and markets. Earlier in his career, he served as an enterprise reporter for the Des Moines Register. He has a bachelor's degree in English from South Dakota State University.