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NATGAS
US Henry Hub falls back negative on the day after a net build in US natural gas storage inventories after easing back from earlier gains ahead of the data.
- The EIA weekly gas inventories for the week ending 24 Nov showed a net build of +10bcf compared to the expectation for a draw of -5bcf according to a Bloomberg survey and the seasonal normal draw of -41bcf.
- The total US inventories remain well above season normal levels at 3,836bcf compared to the average of 3,542bcf.
- US Natgas JAN 24 down -0.5% at 2.79$/mmbtu
Source: EIA
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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