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Natural Gas Price Remains Low as Heating Season Approaches

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 51 billion cubic feet for the week ending October 13. Analysts were expecting a storage injection of between 52 billion and 62 billion cubic feet. The five-year average for the week is an injection of 78 billion cubic feet, and last year’s storage injection for the week totaled 77 billion cubic feet. Natural gas inventories rose by 87 billion cubic feet in the week ending October 6.

Natural gas futures for November delivery trade…
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