US natural gas storage falls more than expected – ING
Source Fxstreet
US natural gas storage fell more than expected over the last week, ING's commodity experts Ewa Manthey and Warren Patterson note.
The release provides short-term support to the market
"Energy Information Administration (EIA) data shows that working storage fell by 62bcf, more than the 50bcf the market was expecting. Total storage is now 11.9% below the five-year average. The release provided some short-term support to the market. However, forecasts for warmer weather over parts of the US made it short-lived."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The Japanese Yen (JPY) edged higher against its American counterpart during the Asian session on Thursday and moves away from the weekly low touched the previous day.
Elon Musk’s D.O.G.E fails to stop US federal spending from hitting all-time highsUS federal spending just hit a record $603 billion in February, in spite of Elon Musk’s Department of Government Efficiency (D.O.G.E) tearing through government agencies with mass firings and budget cuts. Treasury data released Wednesday confirms that spending still jumped by $40 billion compared to last year, a 7% increase, exposing how difficult it is […]
US federal spending just hit a record $603 billion in February, in spite of Elon Musk’s Department of Government Efficiency (D.O.G.E) tearing through government agencies with mass firings and budget cuts. Treasury data released Wednesday confirms that spending still jumped by $40 billion compared to last year, a 7% increase, exposing how difficult it is […]
XRP price started a fresh recovery wave above the $2.00 zone. The price is now showing positive signs and might clear the $2.250 resistance zone. XRP price started a fresh recovery wave above the
Ethereum (ETH) traded around $1,860 in the Asian session on Thursday as its price remained largely subdued by bearish sentiment weighing on the general crypto market.
Gold price (XAU/USD) enters a bullish consolidation and oscillates in a narrow range near the all-time peak touched during the Asian session on Friday.
