Market Edge Daily Update

Daily Update - 2/17/2011

February 17, 2011 at 9:04 am

Natural gas remained below the $4.00 mark closing down another 1.48% yesterday to $3.92/ MMBtu. March futures however, inched upward in overnight trading Wednesday ahead of Thursday’s midmorning storage report. Estimates of today’s pull vary within the 188-259 Bcf range with most projections placing the draw around the 230 Bcf mark after a week of significant consumption in several key heat consuming locations.