Natural Gas
Posted: Thu Jun 28, 2012 3:11 pm
Working gas in storage was 3,063 Bcf as of Friday, June 22, 2012, according to EIA estimates. This represents a net increase of 57 Bcf from the previous week. Stocks were 653 Bcf higher than last year at this time and 613 Bcf above the 5-year average of 2,450 Bcf.
Natural gas down 3 cents as I write this to $2.77/mmbtu. Probably down on overall market weakness more than this storage report. Injections should continue to decline over the next two months as heat spreads.
Natural gas down 3 cents as I write this to $2.77/mmbtu. Probably down on overall market weakness more than this storage report. Injections should continue to decline over the next two months as heat spreads.