Analysts consensus was a drop in storage of 126 Bcf. The actual EIA report for the week ending February 10th was a withdrawal of 114 Bcf. Natgas storage in the U.S. is now 303 Bcf below last year and 87 Bcf above the five year average. The latest weather forecast showed temperatures reverting to seasonal norms.
EIA Natural Gas Storage Data:
- Total (02/10/17): 2,445 Bcf
- Total (02/03/17): 2,559 Bcf
- Net change: -114 Bcf
- Implied flow: -114 Bcf
- Year ago stocks: 2,748 Bcf
- % change from year ago: -11.0 %
- 5-year avg stocks: 2,358 Bcf
- % change from 5-year avg: 3.7 %
