U.S. Natural Gas Storage Rises

Written by Brian McColl

Brian McColl is a fundamental and technical analysis expert and mentor. Brian has been a part of the Forex and stock markets for more than ten years as a freelancing trader.

, | Updated: October 30, 2024

U.S. Natural Gas Storage Indicator increased less than expected in the week ending may 17 according to the Energy Information Administration. It rose to 2 053 billion cubic feet, up from 1 964 billion cubic feet the preceding week, but lower than the forecast of a 2 054 billion cubic feet. Natural gas stockpiles rose by a seasonally adjusted rate of 89 billion cubic feet, 1 billion cubic feet lower than the forecast, which pushed gas future price slightly up.

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