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Markets & Forecasts

Storage providing bullish sentiment to Henry Hub

Gas storage replenishment in the United States continued slowly last week, with data from the Energy Information Administration (EIA) on 17 April showing another week of net injections below expectations Gas storage replenishment in the United States continued slowly last week, with data from the Energy Information Administration (EIA) on 17 April showing another week of net injections below expectations.
By Abhishek Kumar 22 April 2014 Americas / Supply & Demand 0 24940

Gas storage replenishment in the United States continued slowly last week, with data from the Energy Information Administration (EIA) on 17 April showing another week of net injections below expectations. This supported Henry Hub front-month futures, which saw an intraday high of $4.79/MMBtu on 21 April – the highest since 26 February.

The EIA has released data for two weeks of the 2014 gas injection period so far, both of which showed net injections below market expectations. The most recent was an injection of 680 million...