# NYMEX natural gas inches lower after higher than expected storage build report – The Energy Bulletin Daily

> NYMEX front-month natural gas settled 4.8 cents lower after the EIA reported an 89 Bcf storage injection, above expectations. The contract settled at $2.633/MMBtu, and stocks remained 1.4% above the five-year average.

- Date: 2019-11-01 · published 2019-11-01T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/56251-nymex-natural-gas-inches-lower-after-higher-than-expected-storage-build-report
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A larger-than-expected injection signals ample supply and reinforces bearish pressure on US gas prices. Cheaper natural gas can lower energy and processing costs for feed producers.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2018-01-04 | [Natural gas slumps 4% after lower-than-expected US inventory drawdown](https://feedsoft.ai/events/7022-natural-gas-slumps-4-after-lower-than-expected-us-inventory-drawdown.md) | -30.1% | -31.8% |
| 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% |
| NATGAS | 2022-09-15 | [U.S. natgas drops 9% on rail deal, bigger than expected storage build](https://feedsoft.ai/events/39768-u-s-natgas-drops-9-on-rail-deal-bigger-than-expected-storage-build.md) | -11.5% | -26.8% |
| 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 | 2022-10-21 | [Natural Gas Extends Selloff As Latest Storage Report, Freeport News Feed the Bears](https://feedsoft.ai/events/12790-natural-gas-extends-selloff-as-latest-storage-report-freeport-news-feed-the.md) | +0.3% | +20.2% |

## Sources

- daily.energybulletin.org: https://daily.energybulletin.org/2019/11/nymex-natural-gas-inches-lower-after-higher-than-expected-storage-build-report/

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