US natural gas price erased gains earlier in the week, following a report showing increase in inventory level. The front-month Nymex contract ended the week -0.08% lower, extending the decline for a third week in a row. The DOE/EIA reported that natural gas stockpile resumed accumulation, adding +22 bcf to 3 339 bcf in the week ended August 12. Stocks were +327 bcf higher than the period last year and +405 bcf above the five-year average of 2 934 bcf.
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