On Thursday the EIA reported a net change of 69 Bcf in US natural gas storage inventory for the week ended 9/7/18. The current inventory level is 2,636 Bcf, 662 Bcf less than last year at this time, and 596 Bcf below the 5 year average. The injection was in line with analysts’ expectations but smaller than historical injections for the same time period. The October 2018 NYMEX natural gas futures contract opened at $2.824/dth and traded between $2.856 and $2.805. It ended the session at $2.817/dth, down 1.2 cents/dth. The October crude oil contract settled at $68.59/barrel, down $1.78. Warmer than normal temperatures are forecast for most of the country during the 10 day outlook.
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