U.S. Natural Gas Weekly – October 1, 2010

October 1st, 2010 by Belisarius

(For The Week Ending September 24, 2010)

Working gas in storage rose 74 Bcf from previous week. Consensus was at 68 Bcf.

Opposite to overwhelming negative historical stock market performance in September natural gas has overwhelmingly positive historical positive performance in September. Not this year.

The risk here is skewed to the upside.

Chart 1. Natural Gas Futures

Source: Bloomberg

Chart 2. Working Gas in Underground Storage Compared with 5 Year Average

Source: EIA

Chart 3. Natural Gas Futures Curve

Source: Bloomberg



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