By Timothy Puko
Analysts and traders expect government data scheduled for release Thursday to show natural gas inventories rose by
nearly 40% more than average for this time of year.
The U.S. Energy Information Administration is expected to report that storage levels rose by 97 billion cubic feet of
gas during the week ended Oct. 17, according to the average forecast of 16 analysts and traders surveyed by The Wall
Street Journal.
The EIA is scheduled to release its storage data for the week on Thursday at 10:30 a.m. EDT.
For the Oct. 17 week, the median estimate is for an addition of 98 bcf. Estimates range from an increase of 79 bcf to
an increase of 103 bcf.
The estimate for Oct. 17 is more than the 86 bcf added to storage for the same week last year and the 70-bcf
five-year average injection for that week.
If the storage estimate is correct, inventories as of Oct. 17 totaled 3.4 trillion cubic feet, 8.9% below levels from
a year ago and 9% below the five-year average for the same week.
Write to Timothy Puko at tim.puko@wsj.com
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(END) Dow Jones Newswires
October 22, 2014 12:42 ET (16:42 GMT)
Copyright (c) 2014 Dow Jones & Company, Inc.
102214 16:42 -- GMT
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