Natural Gas Futures Are up Slightly on EIA Report

Here’s the latest on U.S. natural gas storage and futures. Front month natural gas futures on NYMEX are trading at $2.838 per mmBTU after opening at $2.799 and touching a high of $2.866 and a low of $2.765.. Prices are exhibiting a firm tendency, after injection into storage grew far less than was anticipated, because the impact from Hurricane Isaac was worse than expected. According to the EIA report, natural gas injection was 28 Bcf last week and much lower than the expectations of 33 Bcf. This lower quantity into storage led to firmer prices. “The 28 bcf net injection…