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The EIA reported a weekly US natural gas storage build of 54 bcf for the week ended Oct 28, slightly below the analyst consensus of 56 bcf. Total storage reached a record 3.963 trillion cubic feet, and front-month futures edged up about 1% after a three-day losing streak.
A slightly smaller-than-expected storage injection and expected power-sector demand support gas prices, though record stocks limit the upside.
theamericanenergynews.comAEN StaffNov 3, 2016After 74 past bullish report events, Natural Gas moved a median +1.3% over 5 sessions (55% higher; middle half -4.0% to +11.3%), and +2.1% 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.
