**Natural Gas Prices Rise After Smaller-Than-Expected Storage Increase**
On Thursday, July Nymex natural gas closed at $3.23, up by $0.088 (2.80%), following a report from the EIA that inventories rose by 73 billion cubic feet (bcf) for the week ending June 12, which was below the expected increase of 80 bcf. The current inventory level is 5.8% above the five-year seasonal average but down 1.5% year-over-year.
US dry gas production was reported at 111.4 bcf per day, a 4.4% increase compared to last year, while gas demand stood at 71.9 bcf per day, down 3.1% year-over-year. Additionally, LNG net flows to US export terminals reached 19.2 bcf per day, an increase of 2.8% week-over-week. Baker Hughes noted that the number of active US nat-gas drilling rigs increased by one to 122, still significantly below the recent high of 134 rigs in February 2026.
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