Nat Gas Supplies in storage almost equals last year at this time of year

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Nov. 21, 2012, 12:36 p.m. EST

Natural gas gains more after EIA supply data



 
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    Natural Gas - Electronic (NYMEX) Dec 2012 (NGZ12)

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By Myra P. Saefong

NGZ12

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SAN FRANCISCO (MarketWatch) -- Natural-gas futures added to gains Wednesday after the Energy Information Administration reported that inventories of the commodity fell 38 billion cubic feet for the week ended Nov. 16. Analysts polled by Platts expected a withdrawal of between 23 billion cubic feet and 27 billion. The EIA data was released a day early due to Thursday's Thanksgiving holiday. Total stocks now stand at 3.873 trillion cubic feet, up 24 billion cubic feet from the year-ago level and 168 billion cubic feet above the five-year average, the government said. December natural gas /quotes/zigman/2184457 NGZ12 +1.07% was at $3.86 per million British thermal units, up 3 cents. It was trading around $3.84 shortly before the data

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Permalink Reply by Frank on November 21, 2012 at 12:32

What was the closing price on 11-21-11 compared to $3.903 today?  I hope the artic cold can move in and shrink storage for a few  more weeks and get that curve diving down deep inside the 5 year numbers.

The weatherman has value in all commodity markets.

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