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To: Roebear who wrote (73318)	9/13/2000 1:52:29 PM
From: patron_anejo_por_favor	Respond to of 95453

Anyone know what time the AGA numbers are out? After the close?

To: Roebear who wrote (73318)	9/13/2000 2:05:16 PM
From: Now Shes Blonde	Read Replies (1) \| Respond to of 95453

Pictures of the storm sgihss3f.wwb.noaa.gov Sep. 13-MAR-- [B] NY Natural Gas: Up on Gulf storm worries, storage expectations By Gelu Sulugiuc, BridgeNews New York--Sept. 13--NYMEX Oct Henry Hub natural gas futures set new all-time highs for a front-month contract at $5.175 per MMBtu amid nervousness over a tropical system forming in the Caribbean and bullish expectations over the storage report due Wednesday afternoon. At 1057 ET, Oct was up 15.2 cents at $5.160. * * * A broad area of low pressure continues over the northwest Caribbean Sea, according to the U.S. National Hurricane Center in Miami. Upper-level winds are favorable for development and this system could form into a tropical depression during the next day or so as it moves toward the Northwest. An Air Force hurricane hunter plane will investigate the area today. Meanwhile, another westward-moving tropical wave is located about 650 miles east of the Leeward Islands. Although cloudiness and showers associated with this system are not well organized at this time, upper-level winds are forecast to become more favorable to development during the next day or two. "The market is nervous about any kind of tropical storm in the Gulf," a trader said, adding that lower temperatures forecast for the Ohio Valley this weekend had the market worried about early heating demand. "We might have an early winter," the trader said. "That would give us no relief from the hot weather down in the South and IN California into the cold weather." Temperatures in the northern Plains, Midwest and New England will cool to the 60s and 70s for Thursday through the weekend, according to BridgeNews Global Weather Services. Morning lows will cool to the 40s and low 50s with a few readings in the upper 30s across northern Minnesota and the northern half of Michigan. (Story .3850) Expectations of a low storage injection are also buoying the market, traders said. The American Gas Association (AGA) is expected to report that U.S. natural gas inventories increased by 50 to 60 billion cubic feet last week, according to a BridgeNews survey of brokers and analysts. Such a number would widen the year-to-year storage deficit and preserve fears of tight supplies going into the winter. If the data comes in on the lower end of that range, Oct futures are bound to leap higher, traders said. But even if the injection exceeds 60 bcf, it is not expected to rattle the market, as it will likely be smaller than the five-year average of 79.8 bcf. "The AGAs are factored in already, even if the injection could be bigger than expected," a trader said. "But no matter how big it is, it won't break the five-year average." Concerns that the industry will not have enough gas in stock for the winter were exacerbated when the Energy Information Administration announced Tuesday that its actual June total storage injections came in at 339 bcf, lower than the 407 bcf previously forecast. End Copyright 2000 Bridge Information Systems Inc. All rights reserved. The Bridge ID for this story is 01747 (c) Copyright 2000 FWN