U.S. Natural Gas Weekly – December 9, 2010

(For The Week Ending December 3, 2010)

Working gas in storage fell 89 Bcf from previous week. The consensus was at 80 Bcf.

I expect further increases in storage draws in following weeks.

Chart 1. Natural Gas Futures

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

Chart 3. Natural Gas Futures Curve


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