Natural gas prices fell due to larger inventories and warmer temperatures

Natural gas prices fell on Thursday after the EIA reported a larger than expected increase in inventories, which were 6.2% above the 5-year average. Prices were supported by warmer temperatures in the Midwest and West, as well as an increase in US electricity output. The number of active US natural gas drilling rigs also fell slightly. As of June 30, gas storage in Europe was 59% full. Despite the bearish EIA report, natural gas supplies remain adequate.

Read more at Yahoo Finance: Nat-Gas Prices Fall on Bearish EIA Report