....Going into the report, traders were looking for a larger-than-average withdrawal for the week-ending February 21.And the report from the Energy Information Administration:
A Bloomberg survey predicted withdrawals ranging from 145 Bcf to 165 Bcf, with a median of 156 Bcf. Polls by the Wall Street Journal and Reuters produced similar results, while NGI’s model projected a pull of 152 Bcf.....
Working gas in storage was 2,200 Bcf as of Friday, February 21, 2020, according to EIA estimates. This represents a net decrease of 143 Bcf from the previous week. Stocks were 637 Bcf higher than last year at this time and 179 Bcf above the five-year average of 2,021 Bcf. At 2,200 Bcf, total working gas is within the five-year historical range....MOREFinally, from the CME the last week's price action:
New front (April ) futures 1.735 down 0.102
