2:50 PM · 27 October 2022

Gas attempts to rebound after EIA report

US gas inventories increased by 52bn cubic feet from 111 bcf in the previous week, below market expectations of 60 bcf. Today’s reading stands below the 5-year average. The heating season may have already started in the US, and in addition, exports from Freeport are expected to resume in November.

NATGAS, despite its negative sentiment, is trying to move higher. Source: xStation5

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