Natural Gas Futures Retreat as Storage Surplus Hits 200 Bcf
Key Takeaways EIA reported a 90 Bcf injection, above forecasts and the five-year average for the week.Stockpiles reached 3,433 Bcf, now 204 Bcf higher than the five-year average levels.Futures closed at $2.888, pressured by oversupply. weaker LNG exports, and soft demand.The U.S. Energy Department’s latest storage update showed a natural gas injection well above both market expectations and the five-year average. The larger build, alongside softer weather-driven demand and weaker LNG exports, weighed on pri ...