Mumbai, Oct. 3 -- The US Natural Gas futures are consolidating around two and half month high after a volatile price action in last session. Working gas in storage across the United States stood at 3,561 billion cubic feet (Bcf) in the week ending September 26, the Energy Information Administration (EIA) revealed in its report released on Thursday. This marked a net increase of 53 billion cubic feet compared to the previous week. On an annual level, the figure increased by 21 billion cubic feet. The stockpiles increased by 171 billion cubic feet above the five-year average of 3,390 billion cubic feet. The total working gas was within the five-year historical range. However, the latest build has narrowed the surplus to the five-year average,...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.