Weekly storage injections or withdrawals provide insight into short‑term supply and demand. This indicator compares the pace of injections and withdrawals against typical seasonal patterns to reveal whether stocks are being refilled or drawn down faster than normal. Over the past six months, injection rates exceeded seasonal norms early in the period before the market shifted to withdrawals during winter. The
chart below shows weekly changes relative to the five‑year average and a six‑month forecast.
