Natural Gas Storage Report: Week of January 9th

Natural gas storage levels fell -71 Bcf to 3,185 Bcf last week, below expectations of a -90 Bcf draw. Inventory levels are up 1.0% YoY (vs -3.6% YoY last week) and are now up 3.4% compared to the 5-year average (vs 1.0% last week).