US natural gas prices are under downward pressure – ING
Source Fxstreet
US natural gas prices sold off heavily yesterday, with the front-month Henry Hub contract settling 6.4% lower, ING's commodity experts Ewa Manthey and Warren Patterson note.
Total storage levels are 10% below the five-year average
"The downward pressure has continued this morning. This is after the Energy Information Administration (EIA) reported that US natural gas storage increased by 9 bcf over the last week, above the expected 5 bcf increase. However, total storage levels are still tight, standing at 1.71 tcf, down 26.8% year on year and 10% below the five-year average."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 30, 2026. Read on for the details.
Today’s Market Recap: Three Major US Indexes Plunge, Philadelphia Semiconductor Index Tumbles Over 7%, Oil Falls, Gold and Silver AdvanceWith the U.S. midterm elections approaching, the three major U.S. stock indices and the Philadelphia Semiconductor Index collectively suffered sharp falls last Frida
With the U.S. midterm elections approaching, the three major U.S. stock indices and the Philadelphia Semiconductor Index collectively suffered sharp falls last Frida
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 2, 2026. Read on for the details.
Binance replaced 95% of a $6.3bn hole — Bitcoin is trading the plumbing, not the coinBinance resumed withdrawals on November 1 after a record $6.3bn theft. In the first 9.5 hours, users withdrew $4.64bn and deposited $1.01bn, a net outflow of $3.64bn, or 2.1% of assets. Bitcoin fell to 76,173 and is now 78,473. The market is pricing the exchange, not the supply.
Binance resumed withdrawals on November 1 after a record $6.3bn theft. In the first 9.5 hours, users withdrew $4.64bn and deposited $1.01bn, a net outflow of $3.64bn, or 2.1% of assets. Bitcoin fell to 76,173 and is now 78,473. The market is pricing the exchange, not the supply.
Brent slips to $111 as a two-day Hormuz plan lands — the supply-risk premium is the only thing being soldBrent fell 1.95% to $111.20 and WTI to $101.92 after Iran's foreign minister said a Qatar-brokered plan could reopen the Strait of Hormuz in two days. Two tankers were still reported hit by mines. The move is a premium unwind, not a supply change.
Brent fell 1.95% to $111.20 and WTI to $101.92 after Iran's foreign minister said a Qatar-brokered plan could reopen the Strait of Hormuz in two days. Two tankers were still reported hit by mines. The move is a premium unwind, not a supply change.
