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NATGAS: U.S. Natgas Slips on Smaller Draw

NATGAS
Energy BulletsBulletPower BulletsCommodities

U.S. natural gas stocks fell 93 Bcf last week according to the latest EIA report causing natgas prices to slip, coming in lower than estimates.

  • US Natgas JAN 25 down -0.9% at 3.68$/mmbtu
  • Stocks were expected to fall by 100 Bcf according to a median of analyst estimates compiled by Bloomberg. A WSJ poll expected a fall of 97 Bcf.
  • U.S. natgas prices had also found support on Friday from colder weather.
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U.S. natural gas stocks fell 93 Bcf last week according to the latest EIA report causing natgas prices to slip, coming in lower than estimates.

  • US Natgas JAN 25 down -0.9% at 3.68$/mmbtu
  • Stocks were expected to fall by 100 Bcf according to a median of analyst estimates compiled by Bloomberg. A WSJ poll expected a fall of 97 Bcf.
  • U.S. natgas prices had also found support on Friday from colder weather.