US Natural gas stocks rise more than expected

Working gas held in storage facilities in the United States rose by 118 billion cubic feet in the week ending October 1, following an increase of 88 billion cubic feet in the previous week and compared with analysts’ estimates of 105 bcf increase, according to the EIA report.

The publication of today's report did not have a significant impact on the natural gas prices. NATGAS continues to trade around the $5.50 level which coincides with 50 SMA (green line) and upward trendline. Source: xStation5

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