Analysts See 55 Billion-Cubic Feet Rise in U.S. Natural-Gas Inventories

Analysts See 55 Billion-Cubic Feet Rise in U.S. Natural-Gas Inventories
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Πεμ, 5 Σεπτεμβρίου 2013 - 17:58
Analysts and traders expect government data scheduled for release Thursday to show natural-gas inventories rose by less than five-year average levels last week.
Analysts and traders expect government data scheduled for release Thursday to show natural-gas inventories rose by less than five-year average levels last week.

The U.S. Energy Information Administration is expected to report that 55 billion cubic feet of gas were added to storage during the week ended Friday, according to the average forecast of 12 analysts and traders surveyed by Dow Jones Newswires.

The EIA is scheduled to release its storage data Thursday at
10:30 a.m. EDT .

The survey's median result was also a rise of 55 bcf, with a high estimate of a 65-bcf build and a low of a 46-bcf injection.

The estimate is larger than last year's 33-bcf build in storage for the same week, but below the 60-bcf five-year average build for that week.

If the storage estimate is correct, inventories as of Friday will total 3.185 trillion cubic feet, 6.3% below the exceptionally high year-ago level and 1.3% above the five-year average for the same week.

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