Thursday, August 22, 2019

EIA Weekly Natural Gas Storage Report

Front Futures: 2.169   -0.001
This is more-or-less a placeholder for the less referenced but more informative Weekly Update which comes out in a few hours.

From the U.S. Energy Information Administration
Weekly Natural Gas Storage Report
for week ending August 16, 2019   |   Released: August 22, 2019 at 10:30 a.m.
Working gas in storage was 2,797 Bcf as of Friday, August 16, 2019, according to EIA estimates. This represents a net increase of 59 Bcf from the previous week. Stocks were 369 Bcf higher than last year at this time and 103 Bcf below the five-year average of 2,900 Bcf. At 2,797 Bcf, total working gas is within the five-year historical range.

For information on sampling error in this report, see Estimated Measures of Sampling Variability table below.
Working Gas in Underground Storage Compared with Five-Year Range Note: The shaded area indicates the range between the historical minimum and maximum values for the weekly series from 2014 through 2018. The dashed vertical lines indicate current and year-ago weekly periods.


And why we said yesterday that initiating new positions ahead of the storage report requires two specific skills.
Today's price action via FinViz: