Natural Gas Storage Report - February 4
Posted: Thu Feb 10, 2011 4:26 pm
Working gas in storage was 2,144 Bcf as of Friday, February 4, 2011, according to EIA estimates. This represents a net decline of 209 Bcf from the previous week. Stocks were 98 Bcf less than last year at this time and 45 Bcf below the 5-year average of 2,189 Bcf.
Despite this rather bullish storage report, the price of natural gas moved lower today.
Despite this rather bullish storage report, the price of natural gas moved lower today.