US Energy Information Administration (EIA) issued an official, weekly report on US natural gas inventories today at 3:30 pm BST. Report was expected to show a 10 billion cubic feet increase in US stockpiles, following a 37 billion cubic feet draw in the previous week.
Actual data showed a bigger-than-expected inventory build of 24 billion cubic feet. While the reading was higher than expected, it was in-line with 5-year average for the period.
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Open account Try demo Download mobile app Download mobile appUS natural gas prices (NATGAS) dropped following the release. NATGAS moved to fresh daily lows below $1.80 per MMBTu mark.
Source: xStation5
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