Natural Gas Storage -237 Bcf

Thu, December 29, 2016 9:10 am

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Withdrawal of 237 Bcf is above estimates: Today the EIA reported a withdrawal of 237 Bcf from underground natural gas storage for the week ending December 23rd. This compares to a 5-year average withdrawal of 80 Bcf and last year’s 50 Bcf withdrawal. The Wall Street Journal published a consensus estimate for a 222 Bcf withdrawal. February Henry Hub futures rose by $0.015/mmBtu immediately following the storage report.

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