Energy Information Administration (EIA) issued an official, weekly report on US natural gas inventories today at 3:30 pm GMT. Report was expected to show an inventory draw of 8 billion cubic feet (bcf), following a 7 bcf drop in the previous week. Actual report showed a 10 bcf build in US natural gas inventories. An unexpected build put pressure on US natural gas prices (NATGAS) with price briefly slumping to a fresh daily low.
NATGAS slumped to a fresh daily low after unexpected build in natural gas inventories. However, part of the drop was erased and now NATGAS trades near $2.78 support zone. Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
