Natural gas in storage increased by 99 Bcf from the previous week to a total of 2,456 Bcf as as of Friday, June 4, 2010, according to Energy Information Agency (“EIA”) estimates. Stocks were 28 Bcf higher than last year at this time and 310 Bcf above the 5-year average of 2,146 Bcf. Analysts polled by Platts had predicted an increase between 91 and 95 Bcf.
Nothing to add that we have not stated in previous articles on the subject.