The EIA’s weekly report on U.S. natural gas inventories showed a larger-than-expected decline in stocks—the actual draw was -54 Bcf, while analysts had forecast -48 Bcf, and the previous reading had indicated an increase of 35 Bcf. Such a drawdown suggests higher-than-expected gas consumption or supply constraints, resulting in tighter storage levels. In the short term, the market may respond with rising prices, particularly given seasonal demand volatility.
Source: xStation
Daily Summary: Wall Street Under Pressure as U.S. Bond Yields Rise Above 5%
Wall Street waits for the Fed
Saudi Arabia announces the cancellation of part of its September oil shipments to Europe🚢
US Open: 10-Year Treasury Yield Breaks Above 5% as Wall Street Comes Under Pressure Ahead of Fed Decision