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NATGAS: Henry Hub Briefly Dips on EIA Stock Build

NATGAS
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Henry Hub initially dipped but has since recovered most of its initial losses after an above expectation but below average injection rate in the latest EIA data. Henry Hub continues to trade lower on the day.

  • US Natgas NOV 24 down 0.9% at 2.64$/mmbtu
  • US Natgas APR 25 down 1.3% at 2.87$/mmbtu
  • The EIA weekly gas inventories for the week ending Oct. 4 showed an injection of 82bcf compared to the expectation for an injection of 73bcf according to a Bloomberg survey and the seasonal normal injection of about 96bcf.
  • US working gas storage inventories however still hold a surplus of 176bcf above the five-year average, with total stocks at 3,629bcf compared to the previous five-year average of 3,453bcf. Last week’s surplus was 190bcf.
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Henry Hub initially dipped but has since recovered most of its initial losses after an above expectation but below average injection rate in the latest EIA data. Henry Hub continues to trade lower on the day.

  • US Natgas NOV 24 down 0.9% at 2.64$/mmbtu
  • US Natgas APR 25 down 1.3% at 2.87$/mmbtu
  • The EIA weekly gas inventories for the week ending Oct. 4 showed an injection of 82bcf compared to the expectation for an injection of 73bcf according to a Bloomberg survey and the seasonal normal injection of about 96bcf.
  • US working gas storage inventories however still hold a surplus of 176bcf above the five-year average, with total stocks at 3,629bcf compared to the previous five-year average of 3,453bcf. Last week’s surplus was 190bcf.