Natural Gas Storage -53 Bcf

Thu, March 16, 2017 8:55 am

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Withdrawal of 53 Bcf is below estimates: Today the EIA reported a withdrawal of 53 Bcf from underground natural gas storage for the week ending March 10th. This compares to a 5-year average withdrawal of 85 Bcf and last year’s 9 Bcf withdrawal. Analysts surveyed by the Wall Street Journal as well as our friends at Envantage both expected a withdrawal of 59 Bcf. April Henry Hub futures fell by $0.024/mmBtu immediately following the storage report.

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