The US Energy Information Administration reported today that domestic supplies of natural gas unexpectedly increased by 41 billion cubic feet for the week ended July 29 from 15 bcf in the previous week, and above the analysts’ estimates of 29 billion cubic feet.
NATGAS price fell below psychological $8.00 level after today’s EIA report. Source: xStation5
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Report on U.S. natural gas inventories showed a larger-than-expected decline in stocks⬇️