# The Commodities Feed: US natural gas climbs | articles | ING THINK

> US natural gas prices strengthened after lower-than-expected storage builds and the full return of Freeport LNG. Crude oil markets were supported by US stock draws and expectations of Fed rate cuts. ING also noted weaker Chinese refinery activity in April and said OPEC+ output policy would matter ahead of its June meeting.

- Date: 2024-05-17 · published 2024-05-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30459-the-commodities-feed-us-natural-gas-climbs-articles-ing-think
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Tighter US gas balances and firm crude support raise energy costs for processors and transport. Lower-than-expected storage builds point to firmer summer gas prices.

## Read by commodity

- WTI: bullish ▲
- NATGAS: bullish ▲

## Sources

- think.ing.com: https://think.ing.com/articles/the-commodities-feed-us-nat-gas-climbs170524/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.