My 500th EarnForex.com News Article

Time flies when you’re having fun…or when you’re working too much.

On Thursday, I wrote my 500th piece for EarnForex.com’s commodities section, titled “Natural Gas Surges 3% After US Supplies Post Smaller-Than-Expected Increase.”

Here is an excerpt:

Natural gas futures are rallying towards the end of the holiday-shortened trading week after the US government reported a smaller-than-expected increase in domestic stockpiles. Natural gas prices surged in May and they could carry that momentum into June.

July natural gas futures rose $0.089, or 3.08%, to $2.974 per million British thermal units (btu) at 14:44 GMT on Thursday on the New York Mercantile Exchange. In May, natural gas surged nearly 8%, bringing its year-to-date gains to a little more than 6%.

According to the US Energy Information Administration (EIA), domestic natural gas inventories climbed by 96 billion cubic feet for the week ending May 25. The market anticipated an increase of 100 billion cubic feet. Natural gas supplies now total 1.725 trillion cubic feet, down 788 billion cubic feet from the same time a year ago, and 500 billion below the five-year average.

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