A post by @FirstSquawk on X.
US EIA NATGAS STORAGE CHANGE (BCF) 30-OCT: +77 (EST +78; PREV +80)
@FirstSquawk on X
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US natural gas storage rose by 77 billion cubic feet in the week ended Oct. 30, slightly below the 78 bcf consensus estimate and down from the prior week's 80 bcf build, according to EIA data. The smaller-than-expected injection signals marginally tighter balances than traders had positioned for, though the sequential slowdown from the previous week suggests the seasonal build pace is easing as heating demand picks up. The print lands just 1 bcf shy of estimates, a narrow miss unlikely to shift the broader storage surplus narrative on its own. Market participants will watch next week's report for confirmation of whether injections continue decelerating into the winter withdrawal season.
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natural gas, US EIA