November 17, 2022 15:36 GMT
US Natgas Ticks Lower After Expected EIA Stocks Build
US Natgas pulls back slightly after another above normal build of +64bcf in US inventories in the latest EIA data.
- Compared to an expectation of a +63bcf build and the 5-year average for this time of year of +8bcf.
- Total US stocks are almost up to the five year average at 3,644bcf due to recent high production, reduced LNG exports and low domestic demand.
- US Natgas DEC 22 up 2% at 6.32$/mmbtu