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US NATGAS: Henry Hub Dips on Smaller Stock Draw

US NATGAS
USEnergy BulletsNorth AmericaBulletCommodities

Henry Hub has dipped further down on day after a below average and below expectation US natgas inventory draw.

  • Henry Hub APR 25 down 3.6% at $4.292/MMBtu
  • Henry Hub MAY 25 down 3.4% at $4.353/MMBtu
  • The EIA weekly gas inventories for the week ending Feb. 28 showed a withdrawal of 80 bcf.
  • The seasonal five-year average shows a net withdrawal of 94 bcf.
  • Stocks drew by 56 bcf this time last year.
  • Previous forecasts (bcf): -93 (bbg), -92 (Reuters), -98 (WSJ)
  • Total stocks are down to 1760 bcf. This is 585 bcf below levels seen a year ago and 224 below the previous five-year average of 1984 bcf.
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Henry Hub has dipped further down on day after a below average and below expectation US natgas inventory draw.

  • Henry Hub APR 25 down 3.6% at $4.292/MMBtu
  • Henry Hub MAY 25 down 3.4% at $4.353/MMBtu
  • The EIA weekly gas inventories for the week ending Feb. 28 showed a withdrawal of 80 bcf.
  • The seasonal five-year average shows a net withdrawal of 94 bcf.
  • Stocks drew by 56 bcf this time last year.
  • Previous forecasts (bcf): -93 (bbg), -92 (Reuters), -98 (WSJ)
  • Total stocks are down to 1760 bcf. This is 585 bcf below levels seen a year ago and 224 below the previous five-year average of 1984 bcf.