Lädt…
The EIA reported a 109 Bcf natural gas storage injection for the week ending May 1, at the high end of estimates and well above the five-year average of 74 Bcf. Working gas stocks were 395 Bcf above the five-year average.
Analysts said balances remain loose, although falling associated gas output is starting to tighten supply.
A large storage build signals ample supply and weighs on Henry Hub futures. Declining associated gas from lower oil drilling could tighten the balance later.
naturalgasintel.comNGI Staff Reports08.05.2020Nach 62 vergangenen Ereignisse (bearisch, Bericht) bewegte sich Erdgas im Median über 5 Handelstage um -3,0 % (42% höher; mittlere Hälfte -7,6 % bis +4,6 %) und über 20 Handelstage um -0,5 %.
Veränderungen des Benchmarks jedes Rohstoffs seit dem letzten Schluss vor dem Ereignis. Historische Werte bündeln frühere Ereignisse derselben Art; sie beschreiben, was passiert ist, nicht was passieren wird. Keine Anlageberatung.
A 109 Bcf storage injection well above the five-year average, with stocks 395 Bcf above normal, signaled loose balances and fueled the selloff during the window.
