Reply To: Into The Vortex – EIA Reports Natural Gas Storage Grew Larger Than Expected 53Bcf

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TradersCom
Keymaster

A Bloomberg survey of five analysts showed injections as small as 28 Bcf to as high as 42 Bcf. The median build was 40 Bcf.

Reuters polled 14 analysts, whose injection estimates ranged from 17 Bcf to 50 Bcf, with a median increase of 37 Bcf.

A 42 Bcf injection was recorded in the same week last year, while the five-year average is also a 42 Bcf injection.

Total working gas in storage as of April 8 stood at 1,397 Bcf, which is 439 Bcf below last year and 303 Bcf below the five-year average.