Natural-gas futures sink 5/2/2013 on week ended April 26 inventory report

Natural-gas futures sink

Natural-gas futures fell sharply on Thursday after the Energy Information Administration reported a bigger-than-expected 43-billion-cubic-feet increase in U.S. inventories for the week ended April 26. Analysts polled by Platts had forecast a climb between 28 billion cubic feet and 32 billion.

Total stocks now stand at 1.777 trillion cubic feet, down 795 billion cubic feet from the year-ago level and 118 billion cubic feet below the five-year average, the government said.

June natural gas /quotes/zigman/2294278 NGM13 -6.33% dropped 30 cents to end at $4.03 per million British thermal units. It traded at $4.29 shortly before the data

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Permalink Reply by kittycatmama on May 4, 2013 at 8:26

what what the next report will look like after this late spring winter storm

Permalink Reply by adubu on May 5, 2013 at 1:20
KittyCM--probably similar doubt any draw down most likely injection of 30 BCF or so
Permalink Reply by dingojoe on May 7, 2013 at 16:50

Actually, it was much warmer everywhere but on the plains.  The injection looks to be 80-90 bcf and, right now, the next three weeks all look to be above 100. 

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