# US natural gas holds near 20-month high - Markets - Business Recorder

> U.S. natural gas futures held within a few cents of a 20-month high after the EIA reported a 49 bcf storage injection for the week ended October 16, slightly below the 52 bcf analysts expected. Stockpiles sat 9.1% above the five-year average. Output was tracking toward a fourth monthly decline.

- Date: 2020-10-23 · published 2020-10-23T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/7681-us-natural-gas-holds-near-20-month-high-markets-business-recorder
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A smaller-than-expected storage build and falling output tighten the balance ahead of winter, supporting higher gas prices.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-09-25 | [US natural gas futures jump on rising LNG exports - Markets - Business Recorder](https://feedsoft.ai/events/51301-us-natural-gas-futures-jump-on-rising-lng-exports-markets-business-recorder.md) | -3.5% | +44.0% |
| NATGAS | 2020-12-15 | [Global gas markets tightening says Goldman – Businessday NG](https://feedsoft.ai/events/49824-global-gas-markets-tightening-says-goldman-businessday-ng.md) | +0.2% | +3.2% |
| NATGAS | 2021-07-22 | [EIA: Summer US natural gas prices highest since 2014 \| Oil & Gas Journal](https://feedsoft.ai/events/46255-eia-summer-us-natural-gas-prices-highest-since-2014-oil-and-gas-journal.md) | +3.1% | -2.4% |
| NATGAS | 2021-10-01 | [Statement on recent developments in natural gas and electricity markets](https://feedsoft.ai/events/45221-statement-on-recent-developments-in-natural-gas-and-electricity-markets.md) | -0.5% | +0.2% |
| NATGAS | 2021-02-01 | [EIA expects higher wholesale U.S. natural gas prices in 2021 and 2022](https://feedsoft.ai/events/49337-eia-expects-higher-wholesale-u-s-natural-gas-prices-in-2021-and-2022.md) | +20.6% | +4.5% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40028372

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