Natural Gas inventories decline, traders can take this as a signal that demand is increasing, and they may buy back into the oil market, bidding up prices. EIA Natural Gas Inventories: The U.S. Energy Information Administration (EIA) provides a weekly update on domestic inventories.
The Natural Gas Storage Indicator is the U.S. Energy Information Administration’s (EIA) estimate of working natural gas volumes held in underground storage facilities at the national and regional levels. The EIA provides weekly estimates of working gas volumes held in underground storage facilities at the Lower 48 states and five regional levels. Changes in these gas inventories on a weekly basis primarily reflect net withdrawals or injections. The report is generally reported every Thursday at 10:30 am EST. unexpected changes such as above-average withdrawals or injections can have an immediate impact on natural gas prices.