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BREAKING: NATGAS gains after lower inventory build

2:32 PM October 26, 2023

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 82 billion cubic feet increase in natural gas stockpiles, much lower than 97 bcf reported a week ago.

Actual report came in below expectations and has shown a 74 bcf build in US natural gas inventories. A positive market reaction can be spotted with NATGAS moving higher following the release.

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NATGAS jumped following EIA report and is testing resistance zone at $3.45 per MMBTu. Source: xStation5

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