Natural Gas Inventory rose +92 BCF last week, continuing its aggressive recovery. It's a shocking contrast to last year's 34 BCF DRAW. This build brings the deficit to the 5 year average down to -369B, after bottoming out at -565B about eight weeks ago.
The consensus is for a strong early injection season, then quickly weakening as exports (primarily LNG) ramp up in the latter half of the year.
