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US gas higher before EIA data

NATGAS

US Natgas up 1.4% to 9.1$/mmbtu ahead of the EIA weekly stock data

  • Prices have rallied from a low near 4.5$/mmbtu at the start of March on tight supplies, strong domestic and overseas demand, and low inventories.
  • EIA inventories have been increasing in line with seasonal expectations in recent weeks. Stocks are maintaining at the low end of the 5-year range.
  • A build of 89.3bcf is expected today after an 89bcf build last week and compared to the 5-year average of 90.8bcf.
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US Natgas up 1.4% to 9.1$/mmbtu ahead of the EIA weekly stock data

  • Prices have rallied from a low near 4.5$/mmbtu at the start of March on tight supplies, strong domestic and overseas demand, and low inventories.
  • EIA inventories have been increasing in line with seasonal expectations in recent weeks. Stocks are maintaining at the low end of the 5-year range.
  • A build of 89.3bcf is expected today after an 89bcf build last week and compared to the 5-year average of 90.8bcf.