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 US natural gas inventories climbing by 33 billion cubic feet (bcf), following a 35 bcf increase in the previous week.
Actual report turned out to be almost in-line with market expectations, with inventories climbing 33 billion cubic feet during the week through August 23, 2024. As data was in-line with expectations, there was no major reaction on US natural gas futures (NATGAS). NATGAS still trades slightly lower on the day, continuing pullback launched after failed attempt to break above $2.25 per MMBTu area earlier this month.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app
Source: xStation5
Source: Bloomberg Finance LP
This 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.
