Winter Chill Means Another Large Natural Gas Storage Draw

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  • 11 Jan '18 at 2:21 am #14408
    TradersCom
    Keymaster

    Last week North America saw the coldest temperatures…

    [article]493[/article]

    11 Jan '18 at 7:39 pm #14418
    TradersCom
    Keymaster

    Summary

    Working gas in storage was 2,767 Bcf as of Friday, January 5, 2018, according to EIA estimates. This represents a net decrease of 359 Bcf from the previous week. Stocks were 415 Bcf less than last year at this time and 382 Bcf below the five-year average of 3,149 Bcf. At 2,767 Bcf, total working gas is within the five-year historical range.

    12 Jan '18 at 2:09 am #14430
    ThePitBoss
    Participant

    Prompt gapping up over 3.12 in the post market – market short – weather run is huge tonight

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