EIA – Natural Gas Storage Report – April 6, 2017

EIA – Natural Gas Storage Report – April 6, 2017

The EIA reported a net gas INJECTION of +2 BCF this morning for the week ending March 31st.  This week’s report was below the market’s expectation which was centered around a +7 BCF.  It is bullish against +6 BCF injection in this same week last year and bearish to the five-year average for this week which is a withdraw of -13 BCF.

May 2017 NYMEX natural gas futures are currently $0.05/MMBtu higher at $3.31/MMBtu.  The 12 month strip price is up $.03 at $3.46/MMBtu.

Natural gas inventories currently stand at 2,051 BCF.

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