Last week, natural gas continued its negative trend with the August contract falling 4.6% w/w and falling below $3.75/mmBtu despite a hotter weather forecast for the near term. NYMEX natural gas prices for August delivery settled down by 0.40% at $3.568 per mmBtu on Friday.

LONDON : US natural gas storage by end of October may reach 3.8 Tcf provided there are no weather anomalies, average coal displacement remains wedded to 1.8 Bcf/d for the period stretching May to September and supply demand dynamics stay a normal course, stated London based Barclays in its recent market analysis.

Last week, natural gas continued its negative trend with the August contract falling 4.6% w/w and falling below $3.75/mmBtu despite a hotter weather forecast for the near term.

NYMEX natural gas prices for August delivery settled down by 0.40% at $3.568 per mmBtu on Friday.

Higher than expected natural gas inventories are also putting pressure on the commodity movement to certain extent.

Working gas in storage was 2,533 Bcf as of Friday, June 21, 2013, according to EIA estimates. This represents a net increase of 95 Bcf from the previous week. Stocks were 522 Bcf less than last year at this time and 31 Bcf below the 5-year average of 2,564 Bcf.

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