March 02, 2023 15:36 GMT
US Drifts Lower After EIA Stocks Draw of -81bcf
US Natgas drifting lower after a larger than expected draw in US gas inventories but much smaller than the five year average withdrawals due to moderate demand and steady production.
- US Natgas APR 23 down -0.6% at 2.79$/mmbtu
- The latest EIA weekly gas inventories for the week ending 24 Feb showed a -81bcf draw compared to expectation of a -74bcf draw and the 5-year average for this time of year of -173bcf.
- Total US inventories are above the five year average at 2,114bcf.