Thursday, June 26, 2014

EIA Natural Gas Weekly Storage: +110 BCF

Another massive storage anomaly this week, as an injection of +110 BCF was reported by EIA for the week ended June 20.  It sent gas futures down a steep 11 cents, as the storage number was about 5 BCF above the average estimates.
Natural Gas Weekly Storage Report

Comparisons with prior periods improved, as the variance with the 5 year average fell from 851 to 822 BCF below, and from 706 to 690 vs last year.