US gas storage falls by 258Bcf – ING
Source Fxstreet
EIA weekly gas storage data shows that US gas storage fell by 258Bcf last week, which is the third largest weekly decline since early 2022, ING's commodity analysts Warren Patterson and Ewa Manthey note.
EU storage continues to trend below the five-year average
"Despite the large draw, it was largely in line with market expectations. Ahead of the release, the market was expecting a draw of around 260Bcf."
"Meanwhile, in Europe, storage continues to trend below the five-year average with it now a little over 63% full, down from 78% at the same stage last year and below the five-year average of 70% full. Milder weather is forecast in NW Europe next week, which could slow the pace of draws."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Tesla Stock Hits Record High as Robotaxi Tests Ignite Market. Why Is Goldman Sachs Pouring Cold Water on Tesla?TradingKey - For Tesla investors, a challenging start to the year has now taken a significant turn.After a 36% stock plunge in the first quarter—its worst performance since 2022—Tesla shares surged ov
TradingKey - For Tesla investors, a challenging start to the year has now taken a significant turn.After a 36% stock plunge in the first quarter—its worst performance since 2022—Tesla shares surged ov
Pound Sterling slumps as UK inflation falls by more than expected to 3.2%The Pound Sterling (GBP) faces intense selling pressure against its major currency peers on Wednesday and slides over 0.5% to near 1.3340 against the US Dollar (USD), following the release of the United Kingdom (UK) Consumer Price Index (CPI) data for November.
The Pound Sterling (GBP) faces intense selling pressure against its major currency peers on Wednesday and slides over 0.5% to near 1.3340 against the US Dollar (USD), following the release of the United Kingdom (UK) Consumer Price Index (CPI) data for November.
XRP’s Price Action Flashes a Warning Even as ETF Flows Stay PositiveXRP’s structure remains weak despite 18 straight positive closes in spot XRP ETFs, with analysts warning that $1.98 and other nearby resistance zones could cap rebounds unless the YO region is reclaimed, while deeper downside scenarios keep $1.53 on watch as a potential (not guaranteed) accumulation area.
XRP’s structure remains weak despite 18 straight positive closes in spot XRP ETFs, with analysts warning that $1.98 and other nearby resistance zones could cap rebounds unless the YO region is reclaimed, while deeper downside scenarios keep $1.53 on watch as a potential (not guaranteed) accumulation area.
In 2025, gold outpaced Bitcoin, slashing the BTC-to-gold ratio by half from 40 to 20 ounces per BTC.
Historical data show a rising trend of US and European stocks in December. If the momentum is strong, fund managers may rush in with a buying frenzy.
