The Energy Information Administration (EIA) reported that working storage built by 45 billion cubic feet (bcf) last week to end at 2,301 bcf. That was 13.9% lower than a year ago but 13.6% higher than the 5-year average. The build was lower-than-expected and so its supporting natural gas prices today.
Looking forward to Thursday, the gas storage build should be around 57 bcf. That compares favorably to a build of 71 bcf last year and 87 bcf over the past 5 years.
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