EIA Natural Gas Storage Build Of +47 Bcf Misses Estimates

EIA Natural Gas Storage Build Of +47 Bcf Misses Estimates

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Natural gas rates did not program a strong response to the report. It needsto be keptinmind that futures traders are changing from October 2024 agreement to November 2024 agreement today.

From a huge photo point of view, traders will remain focused on the possible effect of Hurricane Helene. The typhoon has currently led to production shutdowns, which might supply assistance to natural gas rates.

However, cooler weathercondition and power failures might put pressure on need, so it stays to be seen whether natural gas costs will be able to gain extra advantage

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