Natural Gas plunges; Wholesale Electricity Prices Soar
According to the Dow Jones Newswires, natural-gas futures plunged Thursday, falling below $4 after the U.S. government reported a larger-than-expected weekly build in U.S. inventories.
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According to the Dow Jones Newswires, natural-gas futures plunged Thursday, falling below $4 after the U.S. government reported a larger-than-expected weekly build in U.S. inventories.
Working gas in storage was 2,758 Bcf as of Friday, July 29, 2011, according to EIA estimates. This represents a net increase of 44 Bcf
Consensus is that the Energy Information Agency will report a 62 billion cubic feet (BCF) build in natural gas inventories for the week ended July 15.
According to information from the Dow Jones Newswire, natural-gas futures settled at a one-month high Friday, boosted by expectations for hot weather in the coming
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