actuals should be out this morning...see below..dwdc
Analysts forecast U.S. utilities added 88 billion cubic feet (bcf) of gas into storage during the week ended Sept. 22. That compares with an increase of 103 bcf in the same week last year and a five-year (2018-2022) average increase of 84 bcf.
If correct, last week’s increase would boost stockpiles to 3.357 trillion cubic feet (tcf), or 5.9% above the five-year average of 3.170 tcf for the time of year.
On its first day as the front-month, gas futures for November delivery on the New York Mercantile Exchange rose 3.7 cents, or 1.3%, from where the November contract closed on Wednesday to $2.936 per million British thermal units at 8:54 a.m. EDT (1254 GMT).