1108 ET - U.S. natural gas inventories rose less than usual last week, reducing the storage surplus over the five-year average to 160 Bcf from 167 Bcf the week before, EIA data show. Underground stocks rose by 30 Bcf to 3,214 Bcf in the week ended Aug. 28, compared with an average 37 Bcf injection for the week over the 2021-2025 period. The storage deficit against the year-earlier level widened to 50 Bcf from 30 Bcf. Analysts in a WSJ survey had expected a 29 Bcf increase. Nymex natural gas is up 0.3% at $2.965/mmBtu.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.