U.S. Natural Gas Weekly – 31 December 2009

Working gas in storage fell 124 Bcf from the previous week. Similar as with crude oil rate of decrease in stock is falling. I would say a revisit to the lower end of trading range is quite possible.

Chart 1. Natural Gas Futures

Source: StockCharts.com

Chart 2. Working Gas in Underground Storage Compared with 5-year Range

Source: EIA

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