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United States Natural Gas Storage

United States Natural Gas Storage

Actual: -19B
Forecast: -22B
Previous: -28B
Importance:
Release Date: Dec 05, 2019
Currency: USD
Country: United States
Source Of Report: Energy Information Administration
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The Energy Information Administration (EIA) Natural Gas Storage report measures the change in the number of cubic feet of natural gas held in underground storage over the prior week.

While it is a U.S. indicator, it tends to have a larger impact on the Canadian dollar because of Canada's large energy sector.

If the increase in natural gas inventories is more than expected, it implies weaker demand and is bearish for natural gas prices. The same can be said if a decline in inventories is less than expected.
If the increase in natural gas is less than expected, it implies greater demand and is bullish for natural gas prices. The same can be said if a decline in inventories is more than expected.

Release Date Actual Forecast Previous
Dec 12, 2019 -76B -19B
Dec 05, 2019 -19B -22B -28B
Nov 27, 2019 -28B -89B -94B
Nov 21, 2019 -94B -89B 3B
Nov 14, 2019 3B 45B 34B
Nov 07, 2019 34B 45B 89B

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