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Change in Inventories Could Please Natural Gas Bulls

Change in Inventories Could Please Natural Gas Bulls

In the week ending June 1, natural gas inventories rose by 92 Bcf (billion cubic feet) to 1,817 Bcf—based on the EIA’s (U.S. Energy Information Administration) data announced on June 7. The data were in line with the expectations in a survey by S&P Global Platts. On June 7, natural gas July futures rose 1.2%.