Natural gas slips after storage data


The EIA reported 82B cubic feet of gas added to storage in the week ended April 25 vs. expectations for an add of 73B-77B. Total stocks now stand at 981B cubic feet, still way below the year-ago level of 1.77T and just half the 5-year average.

Trading around $4.80 per million BTUs ahead of the number, June futures dip further to $4.73. UNG -1%

ETFs: UNG, DGAZ, UGAZ, BOIL, GAZ, KOLD, UNL, NAGS, DCNG

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Comments (3)
  • Not fooled in Nevada
    , contributor
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    Looks like the restoration rate is in line with expectations for far lower Nat Gas prices.. could be an upward jolt to DGAZ by mid-month. And the recent 17B infusion to the Ukraine should put a temper on energy prices in general. Putin has to be put back in the bottle soon however..that crazy commie!
    1 May 2014, 01:08 PM Reply Like
  • biriki
    , contributor
    Comment (1) | Send Message
     
    Why do you think NatGas prices will go lower?
    4 May 2014, 10:17 AM Reply Like
  • Not fooled in Nevada
    , contributor
    Comments (53) | Send Message
     
    inventories are shoring up -- read the comment -- we have a relative glut of energy supply. The trouble lies within the government and this administration..
    5 May 2014, 11:17 AM Reply Like
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