Thursday, September 23, 2010
EIA: Weekly Natural Gas Update For Week Ending Sept. 22nd
At the New York Mercantile Exchange (NYMEX), the futures contract for October delivery at the Henry Hub settled yesterday at $3.966 per MMBtu, falling by $0.029, or about 1 percent, since the previous Wednesday.
Natural gas in storage totaled 3,340 billion cubic feet (Bcf) as of September 17, about 6.2 percent above the 5 year (2005-2009) average. The implied net injection for the week was 73 Bcf.
The spot price for West Texas Intermediate (WTI) crude oil decreased by $2.92 per barrel since Wednesday, September 15, ending the report week at $72.98 per barrel, or $12.58 per MMBtu.
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