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Smaller Rise in US Natural Gas Inventories Helped the Prices

Gordon Kristopher
Smaller Rise in US Natural Gas Inventories Helped the Prices

On July 26, the EIA (U.S. Energy Information Administration) released its weekly natural gas storage report. The EIA reported that US natural gas inventories increased by 24 Bcf (billion cubic feet) to 2,273 Bcf on July 13–20. However, the inventories fell ~24% from a year ago. The inventories were at the lowest level since 2014 for this time of the year.