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Henry Hub Extends Decline After +75bcf EIA Stock Build

NATGAS

US Henry Hub extends the earlier decline as the EIA US inventory data shows a slightly larger build than expected.

  • US Natgas MAY 23 down -1.7% at 2.18$/mmbtu
  • The latest EIA weekly gas inventories for the week ending 14 Apr showed a build of +75bcf compared to expectation of a +70bcf build and the 5-year average for this time of year of +49bcf.
  • Total US inventories are near the top of the five year range at 1,930bcf compared to the average of 1,588bcf.


Source: EIA

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