U.S. Natural Gas Inventory Declines More Than Expected

The U.S. Energy Information Administration (EIA) reported a significant decrease in natural gas inventories for the week ending January 23. According to Jin10, the inventory fell by 242 billion cubic feet, surpassing the anticipated decline of 232 billion cubic feet. The previous week's reduction was recorded at 120 billion cubic feet. This data indicates a larger-than-expected drawdown in natural gas supplies.