Thursday, January 19, 2017

EIA Natural Gas Inventories Fall 243 BCF

A larger than expected draw of 243 BCF from working gas inventories was reported today for the week ended Jan 13.  This puts inventories in the middle of the historical range, and about 77 BCF below the 5 year average.  The report wasn't initially bullish, but combined with improving weather forecasts, gas rose about 7-9 cents at midday.