Natural Gas Storage Report - March 4

dan_s · Post by **dan_s** » Thu Mar 10, 2011 4:54 pm

Working gas in storage was 1,674 Bcf as of Friday, March 4, 2011, according to EIA estimates. This represents a net decline of 71 Bcf from the previous week. Stocks were 32 Bcf higher than last year at this time and 21 Bcf above the 5-year average of 1,653 Bcf.

I see little chance of a rebound in NG prices until next winter. Stay heavily weighted to oil.