U.S. Natural Gas Weekly – 17 December 2009

Working gas in storage fell 207 Bcf from the previous week. Similar as with crude oil stocks this is a clear support to the natural gas price.

Chart 1. Natural Gas Futures

Source: StockCharts.com

Source: StockCharts.com

Chart 2. Working Gas in Underground Storage Compared with 5-year Range

Source: EIA

Source: EIA

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