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EIA Natural Gas Inventory: -82bcf. Futures +1.85% to $3.38

EIA Natural Gas Inventory: -82bcf. Futures +1.85% to $3.38
Comments (3)
  • wigit5
    , contributor
    Comments (3968) | Send Message
     
    Is this the drop we have been expecting for so long? -82bcf seems pretty hefty
    20 Dec 2012, 10:34 AM Reply Like
  • MB
    , contributor
    Comments (28) | Send Message
     
    No, this is actually below last years 100 BCF withdrawal and the 5 year average withdrawal of 144 BCF. The consensus nummber for this week was a withdrawal of 76 BCF. We should get some better year over year numbers at the end of December and beginning of January.
    20 Dec 2012, 10:44 AM Reply Like
  • wigit5
    , contributor
    Comments (3968) | Send Message
     
    appreciate it MB, I wonder if the NE not having power for several days-weeks due to Sandy hampered the use of heat and electricity.

     

    Mid-west is getting hammered with snow apparently so we could finally be seeing the winter arriving.
    20 Dec 2012, 10:46 AM Reply Like
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