USA Natural Gas Storage 104B Vs 104B Est.; 110B Prior
Portfolio Pulse from Benzinga Newsdesk
USA Natural Gas Storage reported 104B, in line with the 104B estimate and lower than the previous 110B.
June 08, 2023 | 2:30 pm
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NEUTRAL IMPACT
USA Natural Gas Storage reported 104B, in line with estimates, which may have a neutral impact on UNG.
The United States Natural Gas Fund (UNG) is directly affected by changes in natural gas storage levels. Since the reported storage level of 104B is in line with estimates, it is unlikely to cause significant price fluctuations in the short term. However, the lower storage level compared to the previous 110B may indicate a potential future impact on UNG.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100