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EIA Natural Gas Inventory: +24bcf. Futures -0.05% to $2.93.

EIA Natural Gas Inventory: +24bcf. Futures -0.05% to $2.93.
Comments (4)
  • wigit5
    , contributor
    Comments (3937) | Send Message
     
    Why is it still going up...
    9 Aug 2012, 10:33 AM Reply Like
  • Chris Bersaw
    , contributor
    Comments (582) | Send Message
     
    Expectations were for a 30bcf increase in inventories so this result was lower then expected but it doesn't really mean too much since the weather is cooler now then it was last week with cooler temps forecast for next week but so far the market isn't looking ahead.
    9 Aug 2012, 10:39 AM Reply Like
  • wigit5
    , contributor
    Comments (3937) | Send Message
     
    Just checked the Hen Hub and futures look to be up now... so maybe just delayed a bit...
    9 Aug 2012, 10:44 AM Reply Like
  • Chris Bersaw
    , contributor
    Comments (582) | Send Message
     
    Futures gapped higher on the inventory report but it could have been a drop too, this is one market you don't want to chase.
    9 Aug 2012, 10:49 AM Reply Like
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