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BREAKING: NATGAS jumps 3% after EIA report

3:32 PM 24 August 2023

US Energy Information Administration (EIA) released an official, weekly report on change in natural gas inventories today at 3:30 pm BST. Report was expected to show a 36 billion cubic feet increase, slightly higher than the 35 bcf build reported in the previous week. Actual data showed a smaller build of just 18 billion cubic feet. 

NATGAS jumped following the release, erasing all of the daily losses and swinging to a positive territory. NATGAS trades over 3% higher compared to pre-release levels.

Source: xStation5

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