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US Natgas Extends Decline Ahead of EIA Data

NATGAS

US Natgas extends decline ahead of the latest EIA inventory data release.

  • Prices are back near to levels from early yesterday after a tentative deal was agreed to avert a US rail strike.
  • The rail strike would have disrupted coal supplies to power plants forcing generators to rely more heavily on gas.
  • EIA data is expected to show a build of +73bcf compared to the 5-year average of +53bcf.
  • US Natgas OCT 22 down -7.7% at 8.41$/mmbtu

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