Wednesday, July 22, 2009

Natural Gas Futures Gain on Signs of Small Stockpile Increase Share

Natural gas futures advanced in New York on speculation a report tomorrow will show a slowing pace of U.S. stockpile gains. Gas inventories probably rose 66 billion cubic feet last week, based on the median of eight analyst estimates compiled by Bloomberg. An increase of that amount would be the smallest since April 17. Stockpiles normally rise between April and November as utilities prepare for higher demand in the winter.
“This week it’s a very different number,” said Teri Viswanath, director of commodities research at Credit Suisse Securities USA in Houston.....Complete Story

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