Natural Gas Daily Fundamental Analysis for September 08, 2011 |
posted 9:02 09/07/11
Natural gas prices rose on Wednesday, as the National Hurricane Center signaled a storm in the Gulf of Mexico could develop into a cyclone, which raised concerns that supply of natural gas could be disrupted from the area, putting upside pressures on natural gas prices.
Traders will be eyeing the EIA report for natural gas stockpiles on Thursday, while traders will be also watching the developments of the storm in the Gulf of Mexico.
Thursday September 08:
At 14:30 GMT, the EIA report for natural gas inventories will be released, where the EIA report is expected to show that natural gas inventories increased by 61 billion cubic feet, compared with the prior rise of 55 billion cubic feet.
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