Natural Gas Falls Despite Supportive Inventory Data – Buying Put Options A Good Strategy
Sep, 29th 17:38
Natural gas prices extended losses on Thursday, even after the weekly report from the U.S. Energy Information Administration showed supplies in storage in the U.S. rose less than expected last week.
The EIA said stockpiles rose by 49 billion cubic feet last week, to 3.6 trillion cubic feet, up 90 billion cubic feet from a year ago and 220 billion cubic feet above the five-year average. Analysts had expected that stockpiles would grow by 57 billion cubic feet.
Still, prices ticked down amid expectations that cooler weather in the coming weeks will result in more tepid demand for electricity for air conditioning, while winter demand for heating may not kick in right away.
Buy Put Option from to valid until 20:00 GMT September 29, 2016