US EIA #NatGas Storage Change (Bcf) 21-Aug: +13 (est +18; prev +56) - Salt Dome Cavern NatGas Stocks (Bcf): -13 (prev -1)
U.S. natural gas futures increased 2.2% following the EIA report showing a smaller-than-expected rise in storage levels.
U.S. Natural Gas Futures Rose 2.2% After EIA Reports Less Than Expected Storage Increase 📈🔥
U.S. natural-gas futures gained roughly 2.2% on Thursday after the Energy Information Administration reported a far smaller-than-expected increase in inventories. Underground storage rose by 13 billion cubic feet in the week ended Aug. 15, well below the 18-Bcf analyst consensus and the prior week’s 56-Bcf injection. Total working gas in storage reached 3,199 Bcf, according to the EIA. That level is 95 Bcf lower than a year ago but remains 174 Bcf above the five-year average, keeping inventories within the historical range for this point in the injection season.
