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EIA Insights January 17, 2019
Withdrawal Less Than Expectations
The EIA reported an 81 Bcf withdrawal for the week ending January 11, 2019. The withdrawal was again one of the smallest for this week of the
The report was bearish to prices. Before the release of the
Prices have been supported by forecasts for colder weather in the next few weeks. Earlier in the month with the milder winter weather prices were trading below $3.00. With recent forecasts of prolonged colder
The mild weather and production growth have contributed to the seasonally low withdrawals and the reduction in the storage deficit. Despite these bearish factors the market is concerned about the storage level
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