Today’s U.S. Energy Information Administration (EIA) natural gas storage report is expected to show a 77 Bcf build, down from last week’s 120 Bcf build.And from the Energy Information Administration:
NatGasWeather says, “Today’s EIA weekly storage report is expected to show a build of +74-79 Bcf by national survey averages, but with the most notable at +74 Bcf, slightly larger than the 5-year average of +65 Bcf. It was very warm to hot over most of the country besides the cooler central US/Plains. Our algorithm predicts a build of +68 Bcf....
Working gas in storage was 3,077 Bcf as of Friday, June 26, 2020, according to EIA estimates. This represents a net increase of 65 Bcf from the previous week. Stocks were 712 Bcf higher than last year at this time and 466 Bcf above the five-year average of 2,611 Bcf. At 3,077 Bcf, total working gas is within the five-year historical range. ....MUCH MOREMore usage, less fillage which is probably a good thing as those caverns are very full:
Finally, the CME with the NYMEX price action (30-minute bars, 1 week):
$1.716, up 4.5 cents.