View Archived Market Commentary:
- Lingering cold in the 6-10 day and 8-14 day forecasts allowed the market to maintain a bullish trend throughout the week
- Winter is making another brief surge with forecasts of snow throughout the Midwest this week. Some areas are expected to get as much as 8-12 inches on Tuesday.
- Thursday’s storage report brought news of the first injection of the year, a net increase to inventories of 4 BCF. Expectations ranged from withdrawals of 12 BCF to injections of 14 BCF.
- Considering last week’s injection, it appears as though the withdrawal season has come to an end. Bottoming out at just over 800 BCF, we will need to inject almost 3 TCF this injection season to reach the five year pre-winter average.
The comments made above regarding the NYMEX futures market are the sole opinion of the author, not necessarily the opinions of Interstate Gas Supply, its officers or its employees. Information provided in this “Market Update” is for illustration purposes only, and neither the author nor Interstate Gas Supply shall be liable for any information contained herein.
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