Natural Gas Storage Report: Week of August 22nd

Natural gas storage levels increased 18 Bcf to 3,217 Bcf last week, below expectations of a 26 Bcf increase. Inventory levels are down -3.4% YoY (vs -2.9% YoY last week) and are now up 5.0% compared to the 5-year average (vs 5.8% last week).