
September natural gas futures settled near $4.18 after the EIA reported a 29 Bcf storage injection for the week ending August 20, well below the analyst median of 39 Bcf. The result was the tightest reading for the period and pushed futures to their highest settlement since December 2018.
A storage build well below expectations signals tight US supply heading into winter, supporting higher gas prices.
Dopo 74 eventi rapporto rialzista passati, Gas naturale si è mosso in mediana di +1,3% in 5 sedute (55% in rialzo; metà centrale da -4,0% a +11,3%), e di +2,1% in 20.
Variazioni del benchmark di ciascuna materia prima rispetto all'ultima chiusura prima dell'evento. Le letture storiche raggruppano eventi passati dello stesso tipo; descrivono ciò che è accaduto, non ciò che accadrà. Non è consulenza di investimento.
The EIA storage report was released on 2021-08-26, after the 2021-08-25 move, so it cannot have caused it. It does show the tight US supply picture that was probably already building, so it is only a weak contributor.