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
Market Wrap: Strong Banking Sector, Sharp Drop in Oil
Economic Calendar: Nvidia at the Center of a Spying Scandal; Oil Prices Fall After Trump's Remarks📆
Morning Wrap: Taiwan and Asia Are Halting the Chip Crash Despite the Nvidia Espionage Scandal 💡
Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall