# Natural gas climbs after US inventory data

> US natural gas futures for September delivery fell slightly to about $2.97/MMBtu in early trading. The EIA reported a 48 Bcf storage injection for the week ending Aug. 17, slightly above expectations, and inventories remain below last year and the five-year average.

- Date: 2018-08-23 · published 2018-08-23T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/63720-natural-gas-climbs-after-us-inventory-data
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A storage build slightly above consensus caps near-term US gas price gains, which keeps energy and nitrogen fertilizer costs contained for feed producers. Inventories still sit well below normal, which limits downside.

## Read by commodity

- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-02-04 | [Daily Natural Gas Market Update 2-4-22](https://feedsoft.ai/events/8461-daily-natural-gas-market-update-2-4-22.md) | -25.2% | -8.7% |
| NATGAS | 2018-06-28 | [Global Natural Gas Prices Converged More in 2017 as Use of LNG Spot Prices Increased](https://feedsoft.ai/events/64716-global-natural-gas-prices-converged-more-in-2017-as-use-of-lng-spot-prices.md) | -4.3% | -6.8% |
| NATGAS | 2026-05-01 | [Domestic and international demand drive natural gas production growth](https://feedsoft.ai/events/19914-domestic-and-international-demand-drive-natural-gas-production-growth.md) | +1.2% | +22.6% |
| NATGAS | 2018-08-07 | [Quarterly report – Natural gas prices - Cedigaz](https://feedsoft.ai/events/63719-quarterly-report-natural-gas-prices-cedigaz.md) | +2.5% | +1.3% |
| NATGAS | 2019-01-07 | [Natural gas prices, production, consumption, and exports increased in 2018](https://feedsoft.ai/events/61278-natural-gas-prices-production-consumption-and-exports-increased-in-2018.md) | +3.6% | -10.4% |

## Sources

- economies.com: https://www.economies.com/commodities/natural-gas-news/natural-gas-climbs-after-us-inventory-data-24193

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