Mild temperatures and recovering production impact natural gas inventories

  • Analysts expect a 72 billion cubic-foot withdrawal from U.S. natural-gas storage
  • Mild temperatures and recovering production contribute to below-average withdrawal
  • Natural gas futures hit three-and-a-half-year lows due to mild weather forecasts

The U.S. is expected to see a below-average withdrawal from natural gas inventories, with mild temperatures and recovering production playing a role. Analysts predict a decrease of 72 billion cubic feet in the week ended Feb. 9, which is smaller than the five-year average withdrawal. Natural gas futures have hit three-and-a-half-year lows due to the prospects of a second below-average weekly withdrawal and mostly mild near-term weather forecasts.

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Private Companies:
Key People: Anthony Harrup (Author)

Factuality Level: 8
Justification: The article provides specific data and information from a survey conducted by The Wall Street Journal. It includes estimates from multiple analysts, brokers, and traders. The article also mentions the upcoming release of the Energy Information Administration’s weekly storage report. Overall, the article presents factual information without any obvious bias or misleading statements.

Noise Level: 7
Justification: The article provides information on the expected withdrawal from natural gas inventories and the factors influencing it, such as mild temperatures and production recovery. It also includes estimates from analysts, brokers, and traders. However, it lacks in-depth analysis, scientific rigor, and actionable insights. The article stays on topic and supports its claims with data and examples, but it does not explore the consequences of decisions or hold powerful people accountable. Overall, the article contains some relevant information but lacks depth and meaningful analysis.

Financial Relevance: Yes
Financial Markets Impacted: Natural gas markets

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the expected withdrawal from natural gas inventories in the U.S., which has implications for natural gas markets. However, there is no mention of any extreme event or its impact.

Reported publicly: www.marketwatch.com