NatGas Tries To Form Bottom; Inventories Poised To Hit 11-Year Low Next Week

By
March 06, 2014
Share:

Natural gas inventories fell a more-than-expected 152 bcf last week.

 

Natural gas was last trading up by more than 2.5 percent to $4.64/mmbtu after the Energy Information Administration reported that operators withdrew 152 billion cubic feet from storage last week, more than the 135-140 bcf that most analysts were expecting.

The latest withdrawal was above last year’s draw of 146 bcf, and the five-year average draw of 106 bcf.

 

 

In turn, inventories now stand at 1,196 bcf, which is 887 bcf below the year-ago level and 762 bcf below the five-year average (calculated using a slightly different methodology than the EIA).

 

 

 

ETF.COM CHANNELS

Interested in China? Use our China ETFs Channel, library, and ETF screener.

Interested in oil? Use our oil ETFs channel, library and ETF screener!

ETF DAILY DATA

Investors sold the junk bond ETF aggressively on Wednesday, May 4.

Both BlackRock and SSgA saw net outflows from their ETFs in excess of $1 billion on Wednesday, May 4.

ETF.COM ANALYST BLOGS

By Dave Nadig

How NAV works differently between ETFs and mutual funds.

By Drew Voros

With the broad equity ideas all taken, issuers look for thinner slices of exposure.

By David Lichtblau

How funds wash away capital gains through create/redeem process.

By Dave Nadig

End investors are the big winners; brokers—not so much.

ETF INDUSTRY PERSPECTIVE

By Kristi Kuechler

Interest is growing in the gray area between passive and active.

By Adam Patti

ETFs are more tax efficient than mutual funds.

By Sprott Asset Management

New fund’s underlying index targets equities sentiment on social media.