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Below Normal Build Expected in US EIA data

NATGAS

US Natgas ticking back up on the day ahead of the weekly EIA inventory data.

  • US Natgas SEP 22 up 0.5% at 8.59$/mmbtu
  • EIA expectation is for a build of 19bcf following a build of 32bcf last week and compared to a seasonal normal build of 47bcf for this time of year.
  • Total stock levels were still below normal at 2401bcf last week compared to the 5-year average of 2710bcf.

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