US gas inventories rose 61 bcf; 58 bcf was expected, while the previous figure was 60 bcf. The increase is slightly above the 5-year average, hence the price drop. Nevertheless, it is still quite a long way from breaking through $9. At this point, half of today's rebound has been reduced.
In the previous news we pointed out the decline in US gas production. This decline will only affect stocks next week.
Market wrap: Oil gains amid US - Iran tensions 📈 European indices muted before US NFP report
📈 Gold jumps 1.5% ahead of NFP, hitting its highest level since Jan. 30
Silver rallies 3% 📈 A return of bullish momentum in precious metals?
Daily summary: Weak US data drags markets down, precious metals under pressure again!
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