# Natural gas drops 1%, dollar ekes out gains

> U.S. natural gas futures fell about 1% to $2.80/MMBtu as the dollar index hit one-week highs. The EIA reported a 51 Bcf inventory build for the week ending July 6, below expectations, and stocks remain under year-ago and five-year-average levels.

- Date: 2018-07-12 · published 2018-07-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/64226-natural-gas-drops-1-dollar-ekes-out-gains
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower gas prices reduce energy costs for US ethanol and fertilizer production, a minor factor for feed. A firmer dollar can weigh on US export competitiveness for grains.

## Read by commodity

- DXY: bullish ▲
- NATGAS: bearish ▼

## Sources

- economies.com: https://www.economies.com/commodities/natural-gas-news/natural-gas-drops-1,-dollar-ekes-out-gains-23652

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.