Updated Aug 22, 2024
8/22/24
The Energy Information Administration (EIA) on Thursday reported a natural gas storage withdrawal that was slightly tighter than market expectations. Futures traded on both sides of even following the news.
The Energy Information Administration (EIA) on Thursday reported a triple-digit withdrawal from U.S. natural gas inventories that surprised to the bullish side of expectations, giving a small bump to a futures market weighed down by an unimpressive heating demand outlook.
March natural gas was set to open Thursday about 3 cents lower at around $2.556 as overnight weather data dropped some heating demand versus previous expectations.
The Energy Information Administration (EIA) on Thursday reported a weekly natural gas storage withdrawal that was slightly larger than market expectations, and futures traded in a narrow range following the release of the number.
The Energy Information Administration (EIA) reported a mammoth storage withdrawal Thursday that surprised to the bullish side of expectations, but prompt-month futures lost ground after rallying earlier in the week.
February natural gas was set to open about a penny higher Thursday at around $3.023 as the market turned its attention to the 10:30 a.m. EDT release of the Energy Information Administration's (EIA) weekly storage inventory report.
February natural gas was set to open about 11 cents higher at around $2.846 Thursday, as weather data suggested the current cold blast -- expected to extend well into the first week of the new year -- could stick around a bit longer.
The Energy Information Administration (EIA) on Thursday reported a larger-than-average storage withdrawal that exceeded consensus estimates, and prices got a bounce after some overnight selling.
January natural gas was set to open down about 5 cents Thursday to around $2.663, with the market trying to get a read on how much heating demand to look for from a frigid blast expected later this month.
The Energy Information Administration (EIA) reported a net withdrawal from natural gas storage Thursday that was slightly bullish to market expectations but not enough to break the bear's grip on the market.