NATGAS: Henry Hub Falls After Expected EIA Build

US Henry Hub front month falls after a build in US natural gas storage inventories in line with expectations.

• US Natgas OCT 23 down -1.5% at 2.69$/mmbtu
• The latest EIA weekly gas inventories for the week ending 15 Sep showed a build of +64bcf compared to a Bloomberg survey expecting a +64bcf build and the five-year average for this time of year of +89bcf.
• The surplus in total US inventories continues to trend slightly lower but stocks are still above the five year average at 3,269bcf compared to the average of 3,064bcf.

Source: EIA