Natural gas was last trading flat at $3.65/mmbtu after the Energy Information Administration reported that operators injected 94 billion cubic feet into storage last week, at the low end of analyst expectations.
The latest injection was above last year’s build of 87 bcf and above the five-year average build of 74 bcf.
In turn, inventories now stand at 3,394 bcf, which is 348 bcf below the year-ago level and 332 bcf below the five-year average (calculated using a slightly different methodology than the EIA). (more)
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