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Henry Hub Falls After Above Normal US Inventory Build

NATGAS

US Henry Hub falls to reverse earlier gains after a larger than expected build in US natural gas inventories.

  • US Natgas JUL 23 down -2.1% at 2.54$/mmbtu
  • The latest EIA weekly gas inventories for the week ending 16 June showed a build of +95bcf compared to expectation of a +89bcf build and the 5-year average for this time of year of +76bcf.
  • Total US inventories are still above the five year average at 2,729bcf compared to the average of 2,340bcf.


Source: EIA

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