U.S. Natural Gas Weekly – December 17, 2010

(For The Week Ending December 10, 2010)

Working gas in storage fell 164 Bcf from previous week. The consensus was at 165 Bcf.

Demand seems to be insufficient  to clear the excess inventory; looks like another lost winter for natural gas price ahead.

Chart 1. Natural Gas Futures

Chart 2. Natural Gas Futures Curve

Chart 3. Working Gas in Underground Storage Compared with 5 Year Average

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