# US working natural gas volumes in underground storage rise by 120 Bcf: EIA | S&P Global

> EIA data showed US working gas storage rose 120 Bcf in the week ending June 19, well above the 107 Bcf consensus and the five-year average of 73 Bcf. Storage now stands 466 Bcf above the five-year average. Henry Hub contracts fell sharply, with July down nearly 9 cents.

- Date: 2020-06-25 · published 2020-06-25T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/9805-us-working-natural-gas-volumes-in-underground-storage-rise-by-120-bcf-eia-s-and
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

A larger-than-expected storage build signals a looser gas balance and bearish near-term prices. Cheaper gas lowers power and fertilizer input costs.

## Read by commodity

- UREA: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2023-03-09 | [EIA Further Slashes Henry Hub Natural Gas Forecast After Record-Warmth in January, February](https://feedsoft.ai/events/37038-eia-further-slashes-henry-hub-natural-gas-forecast-after-record-warmth-in.md) | +2.8% | +5.7% |
| UREA | 2024-06-06 | [Risks in global food markets in six charts](https://feedsoft.ai/events/17022-risks-in-global-food-markets-in-six-charts.md) | +2.9% | +2.9% |
| UREA | 2023-10-01 | [Global prices for fertilizers returned to 2021 levels in 2023 after surging in 2022 )](https://feedsoft.ai/events/34027-global-prices-for-fertilizers-returned-to-2021-levels-in-2023-after-surging-in.md) | 0.0% | -8.3% |
| UREA | 2024-09-18 | [Fertiliser prices easing slowly – Semi-annual Global Fertiliser Outlook](https://feedsoft.ai/events/28222-fertiliser-prices-easing-slowly-semi-annual-global-fertiliser-outlook.md) | +0.2% | +5.6% |
| UREA | 2024-11-15 | [Urea, DAP sales rise 8% in Oct](https://feedsoft.ai/events/27740-urea-dap-sales-rise-8-in-oct.md) | -0.4% | +3.0% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/natural-gas/062520-us-working-natural-gas-volumes-in-underground-storage-rise-by-120-bcf-eia

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