Image of the Day

Friday:  A large range in national survey averages for today’s EIA weekly storage report between -170 and -180 Bcf, but with the most notable survey near -180 Bcf. It was colder than normal over Texas and the South as a weather system tracked through with rain and snow, while much warmer than normal across the northern US.  Our algorithm expects -179-180 Bcf, slightly larger than the 5-year average of -167 Bcf.   Although, we expect if it were to miss, it would more likely be to the bullish side in the -180s.

 

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