Natural Gas Futures Surge as EIA Storage Report Undercuts Expectations
A bullish government storage reading sent New York Mercantile Exchange natural gas futures higher at midday on Thursday, September 22.
The result of the EIA's weekly storage report came in below expectations, causing prices to rise by 4.2 cents to $2.764/MMBtu around noon.
This unexpected development boosted investor sentiment and led to an increase in natural gas futures prices.