U.S. EIA Natural Gas Inventory Increased by 61 Billion Cubic Feet Last Week, Below Expectations

According to the U.S. Energy Information Administration (EIA), underground natural gas inventories in the United States increased by 61 billion cubic feet last week, which is below the market expectation of 65 billion cubic feet and also lower than the previous week's increase of 77 billion cubic feet, indicating a slowdown in the accumulation of inventories. This increase, which fell short of expectations, suggests that the supply-demand situation in the U.S. natural gas market may be tightening, providing support for natural gas prices. As winter approaches, changes in heating demand and the rate of inventory accumulation will continue to influence the trend of natural gas prices in the U.S.