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Henry Hub Maintains Gains After Small Storage Draw

NATGAS

US Henry Hub remains relatively unchanged in reaction to the below expected EIA storage data and holds onto earlier gains boosted by colder weather across the US.

  • The EIA weekly gas inventories for the week ending Dec 29 showed a draw of -14bcf compared to the expectation for a draw of -32bcf according to a Bloomberg survey and the seasonal normal draw of -110bcf.
  • The total US inventories remain well above season normal levels at 3,476bcf compared to the average of 3,095bcf.


Source: EIA

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