Nat Gas Inventories Fall In Line

- March 28th, 2011

Zacks.com reports that the U.S. Energy Department’s weekly inventory results shows an in-line drop in natural gas supplies.

Zacks.com reports that the U.S. Energy Department’s weekly inventory results shows an in-line drop in natural gas supplies.

The market news is quoted as saying:

Storage amounts hit a record high of 3.840 Tcf in November, while gas prices during the year fell 21%. As a matter of fact, natural gas prices have dropped nearly 70% from a peak of about $13.60 per million Btu (MMBtu) to the current level of around $4.50, in between sinking to a low of $2.50 in September 2009.

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