Natural gas storage as of February 11
Posted: Thu Feb 17, 2011 6:04 pm
Working gas in storage was 1,911 Bcf as of Friday, February 11, 2011, according to EIA estimates. This represents a net decline of 233 Bcf from the previous week. Stocks were 141 Bcf less than last year at this time and 128 Bcf below the 5-year average of 2,039 Bcf.
Bullish report but weather has now turned against us. Still, we are now heading toward a storage level that should give some support for NG prices. - Dan
Bullish report but weather has now turned against us. Still, we are now heading toward a storage level that should give some support for NG prices. - Dan