".....some analysts and traders warn that the market is getting ahead of itself. Market participants say utilities could slow now that natural-gas prices reach $2.75, a point where coal starts to become attractively priced for some plants"
"Forecasts of above-average temperatures throughout the U.S. should spur demand for natural gas from power utilities as more consumers switch on their air conditioning, traders and analysts said"
"The Energy Information Administration on Thursday said gas storage rose by 61 billion cubic feet in the week ended May 11—still high, but less than the year-ago level of 86 bcf"
Then we have another report a day earlier that says the contrary. I guess that's why natural gas has been trending up? LOL LOL....liars!
"The Energy Department reported Thursday that natural gas stockpiles rose 61 billion cubic feet to 2.667 trillion cubic feet for the week that ended May 11. That's nearly 41 percent above year-earlier levels and the five-year average. Analysts expected a smaller increase of 52 billion to 56 billion cubic feet"
