Unless otherwise indicated, the material below has not been prepared by Van Eck Associates Corporation or HardAssetsInvestor.com.
Neither assumes any liability for any content on a third-party website or material prepared by a third party.
HardAssetsInvestor
- ENERGY
- PRECIOUS METALS
- BASE METALS
- AGRICULTURAL
- SOFTS
- Alternative Energy
- STRATEGIC/RARE EARTH METALS
MOST POPULAR ARTICLES
-
Video: Rockwell Global’s Chief Economist Cardillo Says Ingredients Are Being Set For Another Run In Gold
-
Adrian Ash: What’s Gold Really Worth? Spot Price Is The Price Of Gold, Just As Always
-
D’Agostino: Gold Physical Sales Still Up 50%; Gold ETFs Shake Out Leveraged Speculators
-
Gold ETF ‘GLD’ Sees Its Biggest & First Inflow In 2 Months
-
Week In Review: Gold Pullback Toward $1,322 Begins, NatGas Tests First Layer Of Support, Oil Falls, Copper Rises
***Top stories from the last 15 days
After Small Inventory Build, NatGas Outlook Remains Bullish, But Watch Canadian Inventories
- August 09, 2012
After Small Inventory Build, NatGas Outlook Remains Bullish, But Watch Canadian Inventories
- Details
Natural gas rebounds, but consolidation will likely continue for another few weeks.
Natural gas surged after the U.S. Energy Information Agency reported that operators injected 24 billion cubic feet into storage last week, below the 27 to 31 bcf that analysts were expecting. The figure was close to last year’s build of 25 bcf, but notably below the five-year average build of 44 bcf.
The inventory surplus compared with the year-ago level ticked down from 459 to 458 bcf (calculated using a slightly different methodology than the EIA), while the surplus compared with the five-year average fell from 417 to 397 bcf.
Price action in gas has largely followed our outlook, which called for range-bound action just below and above $3/mmbtu over August. We still anticipate that prices will climb above $3.50, even $4 after that.
NATURAL GAS
- Prev
- 1
- 2
- | Full Article |
- Next >>
- Week In Review: Gold & Silver In Precarious Positions As April Lows Near; NatGas Rallies On Export Approval
- Morning Call: Gold Skids As Dollar Climbs, Analysts Warn Of Much Lower Prices; NatGas Rebounds
- Commodity ETF Flows: Heavy Outflows For Gold & Energy Continue, Clean Energy Funds Shine
- Market Wrap: Gold Falls But Recovers From Worst Levels As Dollar Drops, Oil & Gas Trade Mixed After Data
- Morning Call: Steep Gold Sell-off Reaches Day 6 As Soros Cuts Holdings, Inflation Slows Dramatically; Oil Steadies
