quoted fromEIA:
Working natural gas in storage increased to 2,533 Bcf as of Friday, June 21, according to EIA's WNGSR. The 95 Bcf gain in storage levels was higher than both the 5-year average and year-ago stock changes for the week, which had net injections of 79 Bcf and 58 Bcf, respectively. Despite the large build, current inventories remain 522 Bcf (17.1%) less than last year at this time and 31 Bcf (1.2%) below the 5-year average of 2,564 Bcf.
I am not clear about what injection means? the report is too simple in NASDAQ website. I trade NG sometimes, but very blindly. mainly technically. I want to know more about NG's fundemental supply/demand situation
Working natural gas in storage increased to 2,533 Bcf as of Friday, June 21, according to EIA's WNGSR. The 95 Bcf gain in storage levels was higher than both the 5-year average and year-ago stock changes for the week, which had net injections of 79 Bcf and 58 Bcf, respectively. Despite the large build, current inventories remain 522 Bcf (17.1%) less than last year at this time and 31 Bcf (1.2%) below the 5-year average of 2,564 Bcf.
I am not clear about what injection means? the report is too simple in NASDAQ website. I trade NG sometimes, but very blindly. mainly technically. I want to know more about NG's fundemental supply/demand situation