EIA Weekly Natural GAS Storage Report

Natural gas moved lower after a smaller than expected storage build, keeping traders focused on nearby technical support. WTI oil rallied as crude inventories fell sharply, while Brent stayed choppy as markets weighed Middle East tensions and potential emergency supply releases.

WTI and Brent crude gained as traders weighed the risk of further escalation in the Middle East and monitored disruption risks from Hurricane Isaias. Natural gas retreated after weekly storage data showed a larger than expected build, pressuring bullish positions.

WTI and Brent advanced as traders priced in fresh geopolitical risk tied to Iran and the Middle East. Natural gas moved lower after the EIA reported a +64 Bcf storage build that matched analyst expectations.

Natural gas moved higher after a smaller-than-expected storage build in the EIA weekly report, though technical traders are still watching nearby resistance. WTI and Brent crude recovered from session lows as markets weighed Middle East supply risks and key price levels.

WTI and Brent oil rallied sharply as traders priced in heightened risk around key Middle East shipping routes following the seizure of Mokha on the Red Sea. Natural gas attempted to rebound despite a larger-than-expected weekly storage build in the latest EIA data.