[Dow Jones] Natural gas futures fluctuate, holding onto earlier gains after government data shows an 87 build in storage for the week ended June 11, below the 90 bcf analysts and traders had predicted in a Dow Jones Newswires survey. “The number was a little bit below expectations, so you’d expect it to be slightly bullish,” says Cameron Horwitz, an analyst with SunTrust Robinson Humphrey. Total gas in storage is 2.543 trillion cubic feet, 14% above the five-year average and 0.1% above last year’s level as of June 11. Nymex July gas futures trade +11c, or 2.21%, at $5.088/MMBtu.
Tags: EIA Natural gas storage, EIA storage report, gas storage report, storage
