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Drop in Natural Gas Inventories Impacted Natural Gas Futures

Gordon Kristopher
Drop in Natural Gas Inventories Impacted Natural Gas Futures

On April 26, the EIA published its natural gas storage report. The EIA reported that US natural gas inventories declined by 18 Bcf (billion cubic feet) to 1,281 Bcf on April 13–20. The inventories also dropped by 897 Bcf or 41.2% from a year ago.