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Henry Hub Falls on Large Storage Build

NATGAS

US Henry Hub front month reverses earlier gains to the lowest since 5 Oct after a larger than expected build in US natural gas storage inventories.

  • US Natgas NOV 23 down -2.6% at 2.98$/mmbtu
  • US Natgas APR 24 down -2.1% at 3.08$/mmbtu
  • US Natgas OCT 24 down -1% at 3.44$/mmbtu
  • The latest EIA weekly gas inventories for the week ending 13 Oct showed a build of +97bcf compared to a Bloomberg survey expecting a +83bcf build and the five-year average for this time of year of +85bcf.
  • The total US inventories remain above normal at 3,626bcf compared to the average of 3,429bcf.


Source: EIA

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