Natural Gas Futures Soar on Sixth Consecutive Light Inventory Injection

Natural gas futures saw significant intraday gains after the US Energy Information Administration (EIA) reported a sixth consecutive seasonally light inventory injection.

This is according to the latest data from Entropic Analytics, with October New York Mercantile Exchange (Nymex) futures trading at $3.261/MMBtu as of 11:49 a.m. ET, up 23.8 cents.

The EIA's storage report has been closely watched by traders and analysts, who see it as an indicator of market sentiment and future price movements.