The US Energy Information Administration reported today that domestic supplies of natural gas decreased by -87 billion cubic feet for the week ended December 16 from -50 bcf in the previous week, and below analysts’ estimates of -93 billion cubic feet.
NATGAS price deepend declines after the EIA report and is approaching key support at $5.26. Source: xStation5
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Daily summary: Weak US data drags markets down, precious metals under pressure again!