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US Stock 129bcf Build Brings Total Up to 6.5% Below Normal

NATGAS

US Natgas little changed after an above expected 129bcf build in EIA US inventory data.

  • US Natgas NOV 22 up 0.7% at 6.98$/mmbtu
  • Expectation was for a build of +116bcf compared to a 5-year average of a +83bcf build at this time of year.
  • Total inventories of 3,106bcf are now just 6.5% below the five-year average level.

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