From Desjardins Bank analystThe EIA presented an optimistic report with an inventory drain of 91 Bcf that exceeded consensus (-86 Bcf) and crushed the five-year average (-61 Bcf).
Market balances continued to tighten thanks to the support of record demand
of NGLs destined for processing in the United States, and despite the relatively weak short-term forecast, we note that Cooler temperatures seem set to arrive before the holidays.
Our three-week forecast implies a sharp contraction of the five-year storage surplus to approximately 190 Bcf by the Dec. 25 report (current 260 Bcf).
BTW : demand of diesel is climbing regularly means Economy is coming back.