U.S. Natural Gas Weekly – May 4, 2012

(For The Week Ending April 27, 2012)

Total collapse because of oversupply this winter followed by a rebound in recent weeks.

Working gas in storage rose 28 Bcf from previous week. Consensus was at 29 Bcf.

Storage level is massive 810 Bcf higher than same time year ago and way above 5-year average.

Abundance of supply.

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