The Energy Information Administration released its report on US natural gas inventories, showing a buildup of 53 billion cubic feet in the week ending August 11, compared to a surplus of 28B in the previous reading, while analysts expected an increase of 47B.
Total stocks now have reached 3.082 trillion cubic feet, up from 3.029 trillion in the week ending August 4, which is below the total in the same period of last year at 3.336 trillion, while above the five-year average at 3.027 trillion.