U.S. Natural Gas Inventory Increases by 64 Bcf for Week Ended September 25
The U.S. Energy Information Administration (EIA) reported that natural gas inventories rose by 64 billion cubic feet (Bcf) during the week ended September 25, reaching a total of 3,415 Bcf. This aligns closely with market expectations of a 63 Bcf increase and reflects seasonal build-up ahead of winter demand. Natural gas futures for October delivery fell by 0.42% to $3.01 per million British thermal units (MMBtu) following the inventory report, signaling some bearish sentiment in response to higher-than-expected supply levels. The market has been closely watching inventory data as a key indicator of future price movements. The broader energy markets remain volatile amid shifting geopolitical and weather-related expectations.
Topics: futures markets natural gas oil prices