October Nymex natural gas (NGV25) closed down slightly on Wednesday. Prices fell from a 1-week high due to expectations of a larger build in EIA natural gas inventories. Forecasts of late summer heat in the US initially boosted prices but higher US production remains a bearish factor. US electricity output rose, providing support for gas prices. Last week’s EIA report showed an increase in inventories, signaling adequate supplies. Baker Hughes reported a steady number of active US natural gas drilling rigs.

Read more at Yahoo Finance: Nat-Gas Prices Erase Early Gains on Expectations for EIA Inventories to Build