The Energy Information Administration released its report on US natural gas inventories, showing a drop of 18 billion cubic feet in the week ending November 11, compared to a 15B buildup in the previous reading, while analysts expected a 15B drawdown.
Total stocks have now fallen to 3.772 trillion cubic feet from 3.790 trillion in the week ending November 3, which is below the total of the same period of 2016 at 4.043 trillion, and also below the five-year average at 3.873 trillion.