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EIA Natural Gas Report  
Released On 12/21/2017 10:30:00 AM For wk12/15, 2017
PriorActual
Weekly Change-69 bcf-182 bcf

Highlights
Natural gas in storage fell 182 billion cubic feet in the December 15 week to 3,444 bcf. The fifth weekly drawdown of the heating season was by far the largest, and though it fell short of the 209 bcf drawdown in the comparable week last year it was well above the 132 bcf average decline for the same week over the last five years. Natural gas stocks were 5.0 percent below their level last year at this time, when they were exceptionally high largely due to inventory build caused by low heating consumption in the preceding mild winter, and they were also 2.4 percent below the 5-year average for this time of year. Though stocks remain well within the 5-year historical range for the period, they have been moving closer to the bottom of that range in the last few weeks.

Definition
The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S. and five regions of the country. The level of inventories helps determine prices for natural gas products.  Why Investors Care
 
 

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