The US Energy Information Administration reported today that domestic supplies of natural gas decreased by -21 billion cubic feet for the week ended December 2 from -81 bcf in the previous week, while markets expected -31 billion cubic feet drop. Total working gas stocks in storage stand at 3.462 trillion cubic feet, down 51 billion cubic feet from a year ago and 58 billion cubic feet below the five-year average.
NATGAS price bounced off resistance at $6.00 and may be moving towards local support at 5.72. 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.
