Natural Gasfrom ChartWorks:: published by Institutional Advisors
Last week’s natural gas inventory drawdown of 46 Bcf keeps the inventory level of 3,121 Bcf at the second highest level for the third week in December. Without a severe cold snap there is a likelihood of spot prices drifting to $5.50 or lower in January.
Arrows identify when inventories were at multi-year highs in the first week of September and again at the peak in November
Working Gas in Underground Storage
CHARTWORKS WEBSITE:: www.institutionaladvisors.com
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November 24th, 2020
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