U.S. Natural Gas Weekly – 4 March 2010

March 4th, 2010 by Belisarius

Working gas in storage fell 116 Bcf from the previous week. It is almost certain now that the stockpiles are not depleted enough to balance the market this year. Apparently we will have another difficult year for natural gas price.

Chart 1. Natural Gas Futures

Source: StockCharts.com

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

Source: EIA

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