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Week In Review: Gold Pullback Toward $1,322 Begins, NatGas Tests First Layer Of Support, Oil Falls, Copper Rises
***Top stories from the last 15 days
- Written by Sumit Roy |
- July 26, 2012
Natural Gas Looks To Pause In Aug. Before Resuming Climb To $3.50 And Higher
- Details
The year-over-year inventory surplus continues to decline, but the pace slowed last week.
Natural gas was steady today near $3.10 after the Energy Information Administration reported that operators injected 26 billion cubic feet into storage last week.
NATURAL GAS
The figure was in line with expectations, but below the year-ago and five-year average injections of 43 bcf and 80 bcf, respectively.
In turn, the inventory surplus continued to decline, but as expected, that decline has begun to slow.
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