Thursday, July 3, 2014

EIA Natural Gas Storage Report: +100 BCF (Near Expectations)

While today's storage injection of 100 BCF did not surprise, gas prices did, rising about 4 to 5 cents after the news:
Natural Gas Weekly Storage Report

Storage comparisons tightened considerably, as the deficit to the 5 year average shrank by 32 BCF to a -790 BCF level, and storage is now 666 BCF below last year, declining by 24 BCF this week.