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Henry Hub Net Gains After Below Expected Storage Build

NATGAS

US Henry Hub front month net gains in volatile trading after an initial surge higher following a slightly smaller than expected build in US natural gas storage inventories.

    • US Natgas NOV 23 down -0.4% at 3.36$/mmbtu
    • US Natgas APR 24 down -0.3% at 3.27$/mmbtu
    • US Natgas OCT 24 down -0.3% at 3.57$/mmbtu
  • The latest EIA weekly gas inventories for the week ending 6 Oct showed a build of +84bcf compared to a Bloomberg survey expecting a +86bcf build and the five-year average for this time of year of +101bcf.
  • The total US inventories surplus has closed slightly again this week, but stocks are still above normal at 3,529bcf compared to the average of 3,344bcf.


Source: EIA

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