Zacks.com submits:
The federal government’s Energy Information Administration (EIA) reported a slightly lower-than-expected increase in natural gas supplies, reflecting warmer-than-normal temperatures, the deepwater drilling moratorium in the Gulf of Mexico (GoM), and the start of the hurricane season.
Stockpiles held in underground storage in the lower 48 states rose by 87 billion cubic feet (Bcf) for the week ended June 11, 2010. The latest build was about 4% higher than the 5-year (2005-2009) average, though it was 23% short of the year-ago injection.
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