US natural gas storage falls more than expected – ING

US natural gas storage fell more than expected over the last week, ING's commodity experts Ewa Manthey and Warren Patterson note. 

The release provides short-term support to the market

"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."