Watts Working

Fundamental Analysis

Melissa Depanian | February 16, 2012 at 10:35 am

The EIA reported a 127 Bcf withdrawal in natural gas storage for the week ending 2/10/2012, below analysts’ predictions of a withdrawal in the 80 to 135 Bcf range. Working gas in storage was 2,761 Bcf as of Friday, 817 Bcf higher than last year’s 1,944 Bcf stock and 765 Bcf above the 5-year average of 1,996 Bcf.

The natural gas contract was last seen trading at $2.468/MMBtu, 4.3 cents above yesterday’s close.

Want to learn more? Review our Daily Pricing Updates as well as Technical and Regulatory Analysis here: http://www.worldenergy.com/tag/market-edge/

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Watts Working

Fundamental Analysis

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