U.S. Natural Gas Weekly – November 25, 2010
(For The Week Ending November 19, 2010)
Working gas in storage fell 6 Bcf from previous week. Consensus was at 3 Bcf.
I expect large draws in following weeks.
Chart 1. Natural Gas Futures
Chart 2. Working Gas in Underground Storage Compared with 5 Year Average
Chart 3. Natural Gas Futures Curve