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EIA Natural Gas Report  
Released On 6/8/2017 10:30:00 AM For wk6/2, 2017
PriorActual
Weekly Change81 bcf106 bcf

Highlights
Natural gas in storage rose 106 billion cubic feet in the June 2 week to 2,631 bcf. The tenth consecutive weekly build since the traditional end of the heating season exceeded analysts' expectations of an increase in line with the 94-bcf 5-year average for the weekly period. The outsized increase put natural gas stocks 11.2 percent below the same period last year, when inventories were unusually large due to consumption-curbing mild weather. But inventories are high compared to longer-term historical levels, remaining in the upper half of the EIA's 5-year historical range and 9.9 percent above the 5-year average. The price of natural gas futures initially fell about 3 cents to around $2.93 per MMBTu following the release of the report, but quickly bounced back to trade higher at around $2.98.

Definition
The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S. and five regions of the country. The level of inventories helps determine prices for natural gas products.  Why Investors Care
 
 

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