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Natural Gas Prices Fall as U.S. Inventory Additions Top Expectations

Natural gas futures fell Thursday, for their third straight session, with Thursday’s losses stemming from the U.S. Energy Information Administration’s (EIA) report that U.S. natural gas stocks increased by 73 billion cubic feet for the week ending April 22, slightly above the 70 billion analysts were expecting.

The five-year average for the week is an injection of around 52 billion cubic feet, and this high injection rate has sparked some concerns that natural gas producers will continue to inject a large amount of natural gas into storage this week, even though supplies remain at high levels.

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