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Gas stock increase above estimates, nat. gas futures drop

May 16, 2013 9:02 AM
BOE Report Staff

Working gas in storage was 1,964 Bcf as of Friday, May 10, according to EIA estimates. This represents a net change of +99 Bcf; above estimates of ~+95 Bcf. As a result, NYMEX nat gas futures reacted negatively to the report, dropping 3% Thursday morning.

[table]
[attr style=”width: 25%”]`[attr style=”width: 25%”]May 10`[attr style=”width: 25%”]May 3`[attr style=”width: 25%”]Change
East`811`756`+55
West`357`344`+13
Producing`796`765`+31
Total`1,964`1,865`+99
[/table]

Source: EIA

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