Home/Commodities/FX/Newsfeed

Natural Gas Supplies in US Fell Last Week

Share Print 0

Natural-gas futures showed little reaction Thursday to data from the U.S. Energy Information Administration showing that supplies of natural gas fell by 87 billion cubic feet for the week ended Jan. 27. That was generally in line with the decline of 83 billion expected by analyst polled by S&P Global Platts.

Total stocks now stand at 2.711 trillion cubic feet, down 266 billion cubic feet from a year ago, but 59 billion cubic feet above the five-year average, the government said. March natural gas NGH17, +0.16% fell 3.7 cents, or 1.2%, from Wednesday’s settlement to $3.131 per million British thermal units. It traded at $3.129 before the data.

via MarketWatch

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

,
Back to Top