FX.co ★ US Natural Gas Storage Rises Last Week: EIA

U.S. utilities injected 101 billion cubic feet of natural gas into storage during the week ending May 23, bringing total reserves to 2.476 trillion cubic feet. This increase aligned with market forecasts of 99 billion cubic feet, continuing the trend of stockpiling ahead of the summer demand in North America. While this addition represents a significant rise, the stored volume is still 11.3% below the same period last year, yet 3.9% higher than the five-year average.