Natural Gas Ticks Higher After Storage Report
Natural gas futures traded slightly higher following the release of its weekly storage report from the U.S. Energy Department.
Natural gas storage level declined by 38 billion cubic feet (bcf), at the high end of range of estimates of analysts surveyed by Platts. Analysts were looking for a withdrawal between 17 and 39 bcf with a consensus estimate of a 23-27 bcf withdrawal. (Read More: Citigroup Says Commodity Super-Cycle Is Over)
December natural gas futures traded at a session high of $3.855 earlier today, the highest price of the year.