X-Trade Brokers  (X-Trade Brokers )
Commodities  |  June 14, 2012 17:31:00

Weekly supplies of natural gas in the U.S. to 8 June

Natural gas reserves recorded in the last week in the U.S. a smaller increase than expected gas prices and significant growth response. According to the weekly U.S. energy statistics agency to 8 June was supplemented by 67 billion cubic feet to 2,944 billion cubic feet. Analysts polled by Dow Jones Newswires expected an increase of 75 billion KUB. stop. Stocks for this period was still a record exceeded by 29.2% five-year average of 2,278 billion KUB. stop. In the same period a year ago was supplemented by 72 billion KUB. feet, five-year average was 88 billion KUB. stop.

Natural gas with a delivery date in July for Nymex today jumped by 17.4 cents, or 8% on a weekly maximum of $ 2.353 a million British thermal units. Created a strong market slide of $ 2.17 and corrects 22% decrease from the previous three weeks. This week, the price continuously strengthened by 6%. In summer, usually growing consumption of air conditioning in homes and businesses, increasing consumption of natural gas. Power companies are increasingly using natural gas more affordable than coal to produce electricity and heat.According to the latest EIA forecast should demand of power plants this year increased by 20%.

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