
Henry Hub futures fell to $2.88/MMBtu after an EIA report showed a 90 bcf storage build. The build was above the five-year average of 74 bcf and above the 81 bcf forecast.
The article also notes EU plans to accelerate phasing out Russian LNG imports.
A larger-than-expected inventory build signals a looser US market heading into winter, which pressures gas prices and related fertilizer costs. EU Russian LNG phase-out plans could support global LNG demand for US exports.
After 62 past bearish report events, Natural Gas moved a median -3.0% over 5 sessions (42% higher; middle half -7.6% to +4.6%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.