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US Edging Higher Ahead of EIA Stock Data


US Gas pushing higher ahead of EIA weekly inventory data release.

  • Expectation is for a build of 58bcf for the week ending 26th July in line with the 60bcf build the previous week. The 5-year average for this time of year is a build of 46bcf.
  • Total US stocks were still 11% below the 5-year average in last week’s data. High domestic demand has offset lower LNG exports due to the Freeport outage over the summer.
  • US Natgas OCT 22 up 1.5% at 9.26$/mmbtu

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