NatGas Spikes To 21-Month High, Market Must Loosen To Prevent Winter Surge To $8

Natural gas rose to near $4.40/mmbtu today after the Energy Information Administration reported that operators injected 31 billion cubic feet into storage last week, below the 33 to 38 bcf build most analysts were expecting.

The injection was above last year’s build of 23 bcf, but below the five-year average build of 41 bcf.



In turn, inventories now stand at 1,704 bcf, which is 797 bcf below the year-ago level and 69 bcf below the five-year average (calculated using a slightly different methodology than the EIA). (more)

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