Sponsored Links
The price of natural gas edged higher on Wednesday as traders await the Energy Information Administration's weekly inventory.
Natural gas climbed to $4.904 per million British thermal units, up 2.4 cents on the session. Prices reached as high as $5.088 earlier in the session.
The EIA report is due at 10:30 a.m. ET. Last week's data showed a build of 64 billion cubic feet to 3.589 trillion cubic feet.
EIA data released Wednesday showed crude oil inventories decreased by 1 million barrels in the week ended October 2. Experts were predicting an increase of 1.9 billion barrels. At 337.4 million barrels, U.S. crude oil inventories are above the upper boundary of the average range for this time of year.
Total motor gasoline inventories increased by 2.9 million barrels last week, and are above the upper limit of the average range. An increase of 1.3 million barrels was projected. Distillate fuel inventories increased by 700,000 million barrels, while propane/propylene inventories increased by 100,000 barrels last week.
There was no major economic news scheduled for Wednesday. On Thursday, initial jobless claims data is due at 8:30 a.m. ET and the Wholesales inventories report is expected 90 minutes later.
0 komentar:
Post a Comment