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‘Bull, Buller, Bullest’ Storage Build Sends Natural Gas Futures Flying

Natural Gas Intelligence · last updated

The U.S. Energy Information Administration (EIA) on Thursday reported a 53 Bcf injection of natural gas into storage for the week ended Sept. 26. Landing well below expectations, the result lifted natural gas prompt month futures to 11-week highs.

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

At A Glance:

  • EIA reports 53 Bcf injection
  • Storage build lands below well below consensus
  • Surplus to five-year average shrinks