# Nat-Gas Prices Fall Back on Bearish EIA Report

> US natural gas prices fell about 1% on Aug 31 after a bearish EIA storage report of +32 bcf, above expectations. Forecasts of heat in September provided some support.

- Date: 2023-08-31 · published 2023-08-31T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/34751-nat-gas-prices-fall-back-on-bearish-eia-report
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A larger storage build signals ample supply and softer near-term gas prices, slightly lowering energy input costs.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-01-05 | [Bullish US natural gas storage report from EIA falls flat as NYMEX futures sell off](https://feedsoft.ai/events/9183-bullish-us-natural-gas-storage-report-from-eia-falls-flat-as-nymex-futures-sell.md) | -10.5% | -35.3% |
| NATGAS | 2019-07-01 | [U.S. Henry Hub natgas prices for June fall to lowest in 20 years \| BOE Report](https://feedsoft.ai/events/58276-u-s-henry-hub-natgas-prices-for-june-fall-to-lowest-in-20-years-boe-report.md) | +1.4% | -7.5% |
| NATGAS | 2026-10-29 | [Natural Gas News: EIA Storage Report Could Test Bearish Trend and Spark Volatility \| FXEmpire](https://feedsoft.ai/events/1450-natural-gas-news-eia-storage-report-could-test-bearish-trend-and-spark.md) | -1.8% | — |
| NATGAS | 2018-02-01 | [EIA expects 2018 and 2019 natural gas prices to remain relatively flat](https://feedsoft.ai/events/67161-eia-expects-2018-and-2019-natural-gas-prices-to-remain-relatively-flat.md) | -14.0% | -15.1% |
| NATGAS | 2017-01-05 | [EIA Reports Smaller-than-expected Fall In U.S. Natural-gas Supplies \| Fox Business](https://feedsoft.ai/events/11915-eia-reports-smaller-than-expected-fall-in-u-s-natural-gas-supplies-fox-business.md) | -2.9% | -5.5% |

## Sources

- barchart.com: https://www.barchart.com/story/news/19880663/nat-gas-prices-fall-back-on-bearish-eia-report

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