EIA Natural Gas Storage Build Of +112 Bcf Exceeds Analyst Estimates

On June 5, 2025, EIA released its Weekly Natural Gas Storage Report. The report indicated that working gas in storage increased by +122 Bcf from the previous week, compared to analyst forecast of +111 Bcf. In the previous week, working gas in storage increased by +101 Bcf.

At current levels, stocks are -288 Bcf less than last year and +117 Bcf above the five-year average for this time of the year. High storage levels may serve as a significant bearish catalyst for natural gas markets.

Natural gas prices moved lower as traders reacted to EIA report. The report was bearish as storage build exceeded analyst estimates.

The current demand for natural gas is moderate. Weather forecasts indicate that demand will likely remain near current levels in the upcoming days. At this point, weather forecasts do not provide sufficient support to the market, which needs higher demand to push prices higher.

From the technical point of view, natural gas is trying to settle below the support level at $3.60 – $3.65. In case this attempt is successful, natural gas will head towards the next support, which is located in the $3.35 – $3.40 range. RSI is in the moderate territory, so there is plenty of room to gain momentum in the near term.

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