FX.co ★ US Natural Gas Stocks Rise More Than Expected

US energy companies injected 33 billion cubic feet (bcf) of natural gas into storage in the week ending July 31, exceeding market expectations of a 31 bcf build. This compares with an injection of 13 bcf in the same week a year earlier and a five-year (2021–2025) average increase of 23 bcf for that period. Total inventories rose to 3.117 trillion cubic feet, standing 0.4% below the level recorded a year ago but about 6.7% above the five-year average for the week. In the previous week, which ended July 24, storage levels had increased by 28 bcf.