US natural gas storage fell more than expected over the last week, ING's commodity experts Ewa Manthey and Warren Patterson note.
"Energy Information Administration (EIA) data shows that working storage fell by 62bcf, more than the 50bcf the market was expecting. Total storage is now 11.9% below the five-year average. The release provided some short-term support to the market. However, forecasts for warmer weather over parts of the US made it short-lived."
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