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Henry Hub Surges on Smaller Than Expected Storage Build

NATGAS

US Henry Hub surges higher after a smaller build then expected in the EIA US inventory data.

  • US Natgas JUN 23 up 4.9% at 2.48$/mmbtu
  • The latest EIA weekly gas inventories for the week ending 12 May showed a build of +99bcf compared to expectation of a +108bcf build and the 5-year average for this time of year of +95bcf.
  • Total US inventories are still near the top of the five year range at 2,240bcf compared to the average of 1,875bcf.


Source: EIA

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