Natural Gas Fundamental Analysis February 24, 2012, Forecast

Economic Events: (GMT)

WEEKLY

 

Analysis and Recommendations:

Natural Gas has dropped slightly trading at 2.757 off by 0.018.   NG turned lower after the weekly report on supplies in storage. The EIA reported a withdrawal of 166 billion cubic feet from the nation’s supplies of natural gas in the week ended Feb. 17. Analysts polled by Platt’s had expected the EIA to show a decline between 160 and 164 bcf in the week.

 

 

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