US Energy Information Administration (EIA) issued an official weekly report on US natural gas inventories today at 12:30 pm GMT. Report was expected to show a 81 billion cubic feet increase in US stockpiles, following a 74 billion cubic feet build a week ago.
Actual report showed a slightly smaller increase than expected with US natural crude inventories increasing 79 billion cubic feet. This has led to an uptick in natural gas prices but a knee-jerk move was quickly released and NATGAS is trading flat compared to pre-announcement levels.
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NATGAS trades little changed compared to pre-announcement levels. Source: xStation5
