US NATURAL GAS INVENTORIES DROP MORE THAN EXPECTED

US NATURAL GAS INVENTORIES DROP MORE THAN EXPECTED
US NATURAL GAS INVENTORIES DROP MORE THAN EXPECTED

US NATURAL GAS INVENTORIES DROP MORE THAN EXPECTED

Natural Gas Inventory Drop: US natural gas storage fell by 190 billion cubic meters (bcm) in the week ending December 6.

Expectations vs. Reality: The drop was bigger than expected (175 bcm) and much larger than the previous week's decline (30 bcm).

Price Impact: January natural gas futures increased by 0.58%, reaching $3.398 per mmBtu.

Market Reaction: This sharp drop in inventories is expected to influence natural gas prices significantly.