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Natural Gas Bulls Could Ignore the Rise in Inventories

Robert Scott
Natural Gas Bulls Could Ignore the Rise in Inventories

In the week ending on November 2, the inventories spread was -16.2%. The inventories spread is the difference between natural gas inventories and their five-year average. The inventories spread contracted by 70 basis points compared to the previous week. On November 8, the EIA (U.S. Energy Information Administration) reported the natural gas inventory data for the week ending November 2.