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eia natural gas storage report

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@yokoyi - 6 days ago
Quoted - yokoyi

Natural gas report came out bearish, the quantity in inventory has increased meaning low demand

Reaction of the market to this weeks EIA inventory data.

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@yokoyi - 6 days ago
Quoted - yokoyi

Reaction of the market to this weeks EIA inventory data.

Although the data came out bearish, the gas market reacted bullish and I suspect the heat wave in Europe and USA is making investors to buy more gas needed to generate electricity for consumers to power their cooling appliances like air conditioners etc.

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@yokoyi - 2 hours ago

EIA natural gas report for the week came out bearish again. 61 billion cubic metres were left in inventory which is higher than the 60 bcm forecasted by experts

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