Natural gas analysts are forecasting that the EIA will report U.S. natural gas inventories increased by 90-94bcf during the week ended May 20, 2011.
The EIA reports weekly natural gas inventory data at 10:30ET on Thursday May 26, 2011.
During the year ago period natural gas inventories posted a 100bcf increase. The five year average injection for the period is 95bcf.
In Wednesday trading on the NYMEX natural gas prices posted the highest settlement price since May 4. Natural gas for June delivery was up 3.4 cents to $4.379/MMbtu. The July natural gas futures contract was up 3.2 cents to $4.423/MMbtu.