Natural Gas Storage Report: Week of January 23rd

Natural gas storage levels fell -242 Bcf to 2,823 Bcf last week, above expectations of a -231 Bcf draw. Inventory levels are up 7.9% YoY (vs 4.8% YoY last week) and are now up 5.3% compared to the 5-year average (vs 6.1% last week).