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Henry Hub Gains on EIA Storage Build as Expected

NATGAS

US Henry Hub front month extends gains after a build in US natural gas storage inventories in line with expectations.

    • US Natgas NOV 23 up 2.6% at 2.97$/mmbtu
    • US Natgas APR 24 up 0.7% at 2.99$/mmbtu
    • US Natgas OCT 24 up 0.2% at 3.36$/mmbtu
  • The latest EIA weekly gas inventories for the week ending 22 Sep showed a build of +90bcf compared to a Bloomberg survey expecting a +89bcf build and the five-year average for this time of year of +79bcf.
  • The total US inventories are maintaining above the five year average of 3,359bcf compared to the average of 3,142bcf.


Source: EIA

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