More to come this afternoon, we are still looking for a trade to the top of last September's gap at $3.24.
From the EIA:
for week ending July 19, 2013. | Released: July 25, 2013 at 10:30 a.m. | Next Release: August 1, 2013
|Working gas in underground storage, lower 48 states Summary text CSV JSN|
billion cubic feet (Bcf)
|Region||07/19/13||07/12/13||change||(Bcf)||% change||(Bcf)||% change|
Working gas in storage was 2,786 Bcf as of Friday, July 19, 2013, according to EIA estimates. This represents a net increase of 41 Bcf from the previous week. Stocks were 399 Bcf less than last year at this time and 46 Bcf below the 5-year average of 2,832 Bcf. In the East Region, stocks were 120 Bcf below the 5-year average following net injections of 25 Bcf. Stocks in the Producing Region were 45 Bcf above the 5-year average of 980 Bcf after a net injection of 12 Bcf. Stocks in the West Region were 29 Bcf above the 5-year average after a net addition of 4 Bcf. At 2,786 Bcf, total working gas is within the 5-year historical range....MORE