Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 21, 2013 17:53:28

Natural gas briefly weakened in response to the publication of inventories



Colosseumand # 160; Energy Information Administration today released data on reserves of natural gas. Natural gas reserves in the week ended 15th March fell by 62 billion cubic feet. Prerequisite analysts ranged from 67 to 71 billion. The market weakened first briefly and then continued to grow. Current stocks was 1876 billion cubic feet, which is about 502 billion cubic feet less than a year ago but 162 billion cubic feet more than the five year average. Current price of the April contract is $ 4.007 per million British thermal units. Figure 1: The most active contract price for natural gas in dollars per million British thermal units and change in inventories in billions of cubic feet (Source: WGC, EIA) Chart 2: Total reserves of natural gas compared to the five-year average (source: WGC) and # 160;

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