
US natural gas futures extended losses after the EIA reported a 111 billion cubic foot storage build for the week ending October 14, above the 105 bcf estimate. Prices had collapsed nearly 22% during the month, and LNG tankers were reportedly idle outside the Freeport LNG facility.
A larger-than-expected storage injection signals ample supply and weak near-term demand, pressuring gas prices lower. Lower gas prices reduce energy and fertilizer costs for feed production.
Setelah 62 peristiwa laporan bearish sebelumnya, Gas Alam bergerak median -3,0% selama 5 sesi (42% lebih tinggi; separuh tengah -7,6% sampai +4,6%), dan -0,5% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Dated at the end of the window, a larger-than-expected 111 bcf storage build and idle LNG tankers at Freeport (weaker export demand) pushed prices lower directly.