
EIA Natural Gas Storage Build Of +46 Bcf Exceeds Estimates
Natural gas prices moved away from high levels of the session as traders reacted to the EIA report.
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Natural gas prices moved away from high levels of the session as traders reacted to the EIA report.
The expectations of further inflation decreased from 5.0% to 4.4%.
Natural gas prices are rising more as traders react to EIA reports.
Gasoline inventions fell by 2.7 million barrels from last week.
The new order index increased from 46.4 in May to 51.3 in June, while the employment index declined from 50.7 to 47.2. Today, traders also had a chance to take a look at the factory order report for May. The report indicated that the orders of the factory in accordance with the analyst expectations increased…
Natural gas prices returned after releasing the EIA report.
More than analyzer estimates, gasoline invention increased by 4.2 million barrels.
More than the analyst’s expectations, Jolts Jobs Opening increased to 7.769 million.
The expectations of year-on-year inflation declined from 6.6% to 5.0% in May.
The report indicated that confidence in all age groups and almost all income groups declined.
Fed has also increased the estimates of PCE inflation for 2025, 2026 and 2027.
Oil traders react to EIA data and focus on Trump’s comments on Iran.
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The expectations of further inflation declined from 6.6% to 5.1%.
Gasoline invention increased from last week to 1.5 million barrels.