Working gas in storage was 2,313 Bcf as of Friday, May 28, 2021, according to EIA estimates. This represents a net increase of 98 Bcf from the previous week. Stocks were 386 Bcf less than last year at this time and 61 Bcf below the five-year average of 2,374 Bcf. At 2,313 Bcf, total working gas is within the five-year historical range.
Today's stat fell within the expected range, which was 102 Bcf on the more bearish end, and 86 Bcf on the more bullish end.
Prices were up in the five minutes following the announcement, to $3.052, from $3.045 just before 9:30am.
EIA - Weekly Natural Gas Storage Report - June 3
EIA - Weekly Natural Gas Storage Report - June 3
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group