Or a well placed rumor that the stuff cures covid-19.
Or something.
First up, FX Empire with the estimates going into the report:
...According to Natural Gas Intelligence (NGI), the latest round of EIA data covering the week ending July 31 is expected to show another 28-33 build.And from the EIA:
Bloomberg analysts are looking for a median build of 30 Bcf. Reuters analysts predict the same. A Wall Street Journal poll averaged 31 Bcf and NGI projects a 30 Bcf build. Last year’s figure for this week was a 58 Bcf build, while the five-year average is at 33 Bcf....
Weekly Natural Gas Storage Report
for week ending July 31, 2020 | Released: August 6, 2020 at 10:30 a.m.
...Working gas in storage was 3,274 Bcf as of Friday, July 31, 2020, according to EIA estimates. This represents a net increase of 33 Bcf from the previous week. Stocks were 601 Bcf higher than last year at this time and 429 Bcf above the five-year average of 2,845 Bcf. At 3,274 Bcf, total working gas is within the five-year historical range....And from the CME the last five days of prices, 30-minute bars:
2.2190 up 2.8 cents.