This looks just like a planned NG and OIL market slam! A crooked lying unbelievable announcement by the EIA in both oil and natgas. For what reason? It is not as the world has come to an end, yet the same ole beat up energy stocks get beat down into the ground.
This is what an experts says:
For natural gas traders, this report is a one-time catch-up due to overreporting by the EIA for the last four weeks. Actual storage flow was not that bearish, and the sell-off immediately following the storage report is already recovering. We think this one-time adjustment is one and done.
There is NOTHING believable in the stock market. Everything is crooked! Why would the EIA play 4-week catch up with one big surprise. The big boys knew this move was coming!
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