3:32 PM · 28 September 2023

BREAKING: NATGAS gains after in-line EIA report

US Energy Information Administration (EIA) issued a weekly report on US natural gas inventories today at 3:30 pm BST. Market was expecting an 90 billion cubic feet increase in stockpiles, much bigger than 64 billion cubic feet reported a week ago. Actual report exactly matched market expectations, showing a 90 billion cubic feet increase. NATGAS moved around 0.5% lower in a knee-jerk move but this drop was quickly erased and price jumped to pre-announcement levels.

Source: xStation5

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