DJ US GAS: Futures End Higher Amid Ample Supplies, Tracking Crude futuresource.quote.com Analysts and traders are expecting the U.S. Energy Information Administration to report Thursday that natural gas storage levels grew by 94 billion cubic feet for the week ended May 15.
Bloomberg: Natural Gas Is Steady on Outlook for Above-Average Supply Gain bloomberg.com
The Energy Department will probably say gas inventories rose 93 billion cubic feet in the week ended May 15, according to the median of 12 analyst estimates compiled by Bloomberg.
Reuters: * NYMEX gas futures slip 5 pct Tues., edge lower early Wed. * Mild spring weather, Southeast storm curbs loads * Record high inventories, recession weigh on sentiment
NEW YORK, May 20 (Reuters) - U.S. spot natural gas prices fell at every price point Wednesday, with gas at benchmark Henry Hub in Louisiana sliding for the fifth straight trading day amid mild spring weather, record high inventories and ongoing concerns about the slow economy, traders said... investorvillage.com
Injection estimates for this week's EIA report ranged from 88 bcf to 103 bcf with most traders and analysts expecting stocks to rise by about 95 bcf when weekly data is released Thursday at about 10:30 a.m. EDT, a Reuters survey showed. Stocks rose an adjusted 86 bcf for the same week last year, while the five-year average build for that week is 90 bcf.
First Enercast: investorvillage.com * First Enercast Financial prediction for week ending 5/15/09 : 2,107 Bcf * First Enercast Financial predicted weekly change: +94 Bcf
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Expectations for Thursday's reported storage build are:
Dow Jones Survey 94 Bcf Bloomberg Survey 93 Bcf Reuters Survey 95 Bcf BENTEK Storage Rpt 92 Bcf (Thanks to tradingfaster123) First Enercast 94 Bcf robry825 2003 model 94 Bcf, 2005 90 Bcf, 2008 94 Bcf z24blackjet 92 Bcf
Last year's build 86 Bcf Five year average 90 Bcf build
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