DJ UPDATE: US GAS: Futures End Lower Amid Ample Supplies futuresource.quote.com
The U.S. Energy Information Administration is expected to report on Thursday that 110 billion cubic feet of gas were added to storage during the week ended June 5, according to the average prediction of 19 analysts and traders in a Dow Jones Newswires survey.
Bloomberg: Natural Gas Declines in New York as Supply Gains Expand Surplus bloomberg.com
Stockpiles probably increased 110 billion cubic feet last week, based on the median of 15 analyst estimates compiled by Bloomberg.
Reuters: * Inventory buying, firm crude help underpin cash * Mild Northeast, Midwest weather limits cooling demand * Record storage, weak industrial demand weigh on sentiment
NEW YORK, June 10 (Reuters) - U.S. spot natural gas prices, backed by steady storage buying and a firm crude market, edged higher on Wednesday, but mostly moderate U.S. weather, record high inventories and concerns about the economy continued to limit gains... www1.investorvillage.com
A Reuters poll on Wednesday showed inventories were expected to rise 109 bcf when the weekly EIA storage report is released on Thursday at about 10:30 a.m. nN10388516 Stocks rose an adjusted 84 bcf for the same week last year, while the five-year average build for that week is 91 bcf.
First Enercast: www1.investorvillage.com * First Enercast Financial prediction for week ending 6/5/09 : 2,443 Bcf * First Enercast Financial predicted weekly change: +106 Bcf
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Expectations for Thursday's reported storage build are:
Dow Jones Survey 110 Bcf Bloomberg Survey 110 Bcf Reuters Survey 109 Bcf BENTEK Storage Rpt N.A First Enercast 106 Bcf robry825 2003 model 107 Bcf, 2005 109 Bcf, 2008 107 z24blackjet 111 Bcf
Last year's build 84 Bcf Five year average 91 Bcf
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