# Lagging Gas Storage Finally Triggers Market Reaction | Rigzone

> Natural gas prices rose after low storage levels finally prompted a market reaction, with about a few weeks left in the injection season. Prices had hit a low of $2.49 per Mcf in February and had struggled to climb above $3 until now. Production for September was estimated 13 percent above a year earlier.

- Date: 2018-11-15 · published 2018-11-15T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/9436-lagging-gas-storage-finally-triggers-market-reaction-rigzone
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Storage running well below normal as the injection season ends supports prices going into winter, raising energy costs for feed processors. Strong production growth limits how far prices can rise.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- rigzone.com: https://www.rigzone.com/news/lagging_gas_storage_finally_triggers_market_reaction-15-nov-2018-157491-article/

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