2nd Biggest NatGas Storage Withdrawal on Record, but Prices Fall

On Monday of this week we reported about natural gas withdrawals from underground storage for the week ending Feb. 12, which were the twelfth largest on record since 2010 and the biggest one-week withdrawal in the past two years (see Biggest Withdrawal from Underground NatGas Storage in 2 Years). Yesterday withdrawal numbers came out for the week ending Feb. 19. Yesterday’s numbers were dramatically higher than the week before–the second-largest withdrawal from storage on record since 2010. Yet the gas traders yawned and didn’t seem all that impressed. The price of natgas actually fell.
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