Natural Gas Futures Sustain Rally After Storage Print
Natural gas futures sustained a rally following a lower-than-expected storage injection reported by the EIA.
Natural gas futures sustained their rally following a storage injection report from the U.S. Energy Information Administration (EIA). According to NGINaturalGas, the agency reported an injection of 67 Bcf into natural gas storage for the week ended October 9.
Storage Data Falls Short
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The reported injection figure fell short of both market expectations and historical norms. This deviation from typical inventory builds provided support for natural gas futures, allowing the market to maintain its upward trajectory.
Key facts
- The U.S. Energy Information Administration reported an injection of 67 Bcf into natural gas storage.
- The data covers the week ended October 9.
- The storage result fell short of expectations and historical norms.
Source: naturalgasintel.com
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