Natural Gas Storage Report - October 31

dan_s · Post by **dan_s** » Thu Oct 31, 2013 10:31 am

Working gas in storage was 3,779 Bcf as of Friday, October 25, 2013, according to EIA estimates. This represents a net increase of 38 Bcf from the previous week. Stocks were 120 Bcf less than last year at this time and 58 Bcf above the 5-year average of 3,721 Bcf.

This is a slightly bullish report. We should see draws from storage by the 3rd week of November.

A cold start to winter heating season could push Ngas over $4.00 by year-end. It all depends on the weather now.