U.S. Natural Gas Inventories Rise By 77 Billion Cubic Feet — Market Talk
Bullish strength: 20/100
- Inventories remain 109 Bcf below the same period last year.
- The 77 Bcf injection was smaller than analysts' 81 Bcf expectation.
Bearish strength: 80/100
- Storage increased by more than usual, expanding the surplus over the five-year average.
- Inventories stand 54 Bcf above the five-year seasonal average.
- Mild early November weather could extend inventory builds.
- Nymex natural gas was reported down 0.1% at $2.956/mmBtu.
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