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Higher growth in gas inventories limits price increases

3:47 PM 1 September 2022

US gas inventories rose 61 bcf; 58 bcf was expected, while the previous figure was 60 bcf. The increase is slightly above the 5-year average, hence the price drop. Nevertheless, it is still quite a long way from breaking through $9. At this point, half of today's rebound has been reduced.

In the previous news we pointed out the decline in US gas production. This decline will only affect stocks next week.

 

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