U.S. Natural Gas Inventories Expected to Add 41 BCF

U.S. natural gas inventories are expected to have increased by about 41 billion cubic feet, according to estimates Dow Jones.

The working supply data are due on Thursday by Energy Information Administration reported (EIA).

Last week, EIA reported an increase of about 46 billion cubic feet for the week ending August 13.

The last EIA weekly report showed an adjustment in stocks classification, reflecting an increase of 42 bcf to a total of 2.822 trillion cubic feet.

The rise exceeded that of market expectations, however, it is expected that last week would see an increase that is relatively less than what we are used to seeing this time of year in the late weeks of summer.