February 1, 2013

The Mild Winter Is Killing Natural Gas

Sumit Roy, Hard Assets Investor


AP Photo

We examine the latest developments in the natural gas market.

 

Natural gas fell after the Energy Information Administration reported that operators withdrew 194 billion cubic feet from storage last week, below the 200 to 204 bcf withdrawal most analysts were expecting (Related: WTI Nears $100 Amid Broad Risk Rally, Oil Volatility Plunges To Record Low).

However, the withdrawal was above last year's withdrawal of 132 bcf and the five-year average withdrawal of 173 bcf.

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TAGGED: Natural Gas

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