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Breaking: Natural Gas Markets Left Guessing as EIA Delays Vital Inventory Report

Natural Gas Intelligence · last updated

The U.S. Energy Information Administration (EIA) on Thursday reported a 107 Bcf net injection of natural gas into storage for the week ended April 25.

Natural Gas Intelligence's (NGI) U.S. Energy Information Administration natural gas storage chart.

The result was on the bullish side of consensus estimates, and sent June futures climbing. Publication of the data was delayed by about three-and-a-half hours from the usual posting at 10:30 a.m. ET. The reason for the delay remained unclear as of Thursday afternoon.

In the minutes leading up to the report’s 2:00 p.m. ET publication, the June Nymex gas contract was trading at $3.430/MMBtu, up 10.4 cents from Wednesday’s settlement. After the print crossed trading desks, the prompt month surged to $3.447, up 15.1 cents.

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