Natural Gas Will Fail to Hit $3.10 as Inventories Cushion Prices

Natural gas will not hit $3.10 in the week of August 17 because ample stocks and recent price action will blunt rallies. The EIA reported inventories rose 36 Bcf in the week ended August 7, bringing total inventories to 3,153 Bcf, which is 198 Bcf or 6.7% above the seasonal norm. September futures…