Analysts estimated a withdrawal of 137 Bcf for the week ending January 6. Pre-report near month price up 4% followed by another 2% immediately after the report. Weather forecasts continue to change almost daily.
EIA Natural Gas Storage Data:
- Total (01/06/17): 3,160 Bcf
- Total (12/30/16): 3,311 Bcf
- Net change: -151 Bcf
- Implied flow: -151 Bcf
- Year ago stocks: 3,523 Bcf
- % change from year ago: -10.3 %
- 5-year avg stocks: 3,164 Bcf
- % change from 5-year avg: -0.1 %
