U.S. Natural Gas Weekly – October 1, 2010
(For The Week Ending September 24, 2010)
Working gas in storage rose 74 Bcf from previous week. Consensus was at 68 Bcf.
Opposite to overwhelming negative historical stock market performance in September natural gas has overwhelmingly positive historical positive performance in September. Not this year.
The risk here is skewed to the upside.
Chart 1. Natural Gas Futures
Chart 2. Working Gas in Underground Storage Compared with 5 Year Average
Chart 3. Natural Gas Futures Curve