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US NATGAS: Henry Hub Stable after Stock Draw

US NATGAS
USEnergy BulletsNorth AmericaBulletCommodities

Henry Hub is showing no clear change in direction so far after the EIA storage draw came in slightly below expectations, but well above-average for the time of year.

  • US Natgas APR 25 up 1.2% at 4.01$/mmbtu
  • US Natgas MAY 25 up 1% at 4.06$/mmbtu
  • The EIA weekly gas inventories for the week ending Feb. 21 showed a withdrawal of 261bcf.
  • The seasonal five-year average shows a net withdrawal of around 141bcf.
  • A Bloomberg survey average suggested a draw of 266bcf on the week while a Reuters survey shows a 266bcf draw, WSJ a 265bcf draw and NGI a 277bcf draw
  • Total stocks are down to 1840 bcf and 561bcf below levels seen a year ago and 238bcf below the previous five-year average of 2,078bcf.
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Henry Hub is showing no clear change in direction so far after the EIA storage draw came in slightly below expectations, but well above-average for the time of year.

  • US Natgas APR 25 up 1.2% at 4.01$/mmbtu
  • US Natgas MAY 25 up 1% at 4.06$/mmbtu
  • The EIA weekly gas inventories for the week ending Feb. 21 showed a withdrawal of 261bcf.
  • The seasonal five-year average shows a net withdrawal of around 141bcf.
  • A Bloomberg survey average suggested a draw of 266bcf on the week while a Reuters survey shows a 266bcf draw, WSJ a 265bcf draw and NGI a 277bcf draw
  • Total stocks are down to 1840 bcf and 561bcf below levels seen a year ago and 238bcf below the previous five-year average of 2,078bcf.