Energy Prospectus

This morning's EIA natural gas storage report showed an injection of 95 bcf, which was in line with expectations. Total storage stands at 2,347 bcf or 2.4% below the 5 year average. Over the last four weeks natural gas storage has increased 383 bcf. The market charged higher into and after the report and challenged the $3.85 level in the process.

Injections will fall from here as summer demand for gas increases.