A seasonably strong storage build of around 64 Bcf is expected when the Energy Information Administration reports data Thursday for the week ended Aug. 24, according to a Reuters survey

摘要

Models range from 49 Bcf to 68 Bcf. That compares with the five-year average of 59 Bcf and a 32 Bcf injection last year. "Even though the next couple of injections will be hindered by lingering warmth in the eastern US, ample supply has a chance to mitigate a slowdown in storage additions," Gelber & Associates analyst Daniel Myers said. "This sentiment suggests that the short respite from prices declines is only temporary, and bearishness should resume when the September contract gets out of the way."