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Natural Gas Will Break Above $3, But Storage Surplus Decline Will Slow

July 19, 2012

Natural Gas Will Break Above $3, But Storage Surplus Decline Will Slow

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Natural gas may finally be poised to rally through the $3 mark.

Natural gas prices are hovering just below the psychologically-significant $3/mmbtu mark after the Energy Information Administration reported that operators injected 28 billion cubic feet into storage last week.

NATURAL GAS

Once again, the increase in inventories was well below both the 60 bcf during the same week last year the 79 bcf five-year average injection.

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D’Agostino: Gold Physical Sales Still Up 50%; Gold ETFs Shake Out Leveraged Speculators

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