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

US energy firms injected 103 billion cubic feet (bcf) of natural gas into storage for the week ended April 17, surpassing market expectations of a 94 bcf build. The injection was also larger than the 77 bcf added during the same week a year earlier and well above the five-year average increase of 64 bcf. Total inventories rose to 2.063 trillion cubic feet, leaving stocks about 7.4% above year-ago levels and roughly 7.1% above the five-year average. This latest increase follows a smaller 59 bcf injection in the previous week, underscoring continued robust storage builds as the market progresses through the spring refill season.