EIA Weekly Natural Gas Storage Report: Above Average Injection, Futures Tank

June futures down 13.4 cents at $4.606. We continue to prefer the equities to the futures. the First Trust ISE-Revere Natural Gas Index ETF we use as a proxy is down 1.19% at $22.33. Yesterday the ETF was up 1.71% despite the futures dropping 5.9 cents.

By-the-bye, today's injection was not that much above consensus, reported to be around 71Bcf and not nearly enough to rebuild supplies by the next heating season. More to come this afternoon.
From the Energy Information Administration:

for week ending May 2, 2014   |   Released: May 8, 2014 at 10:30 a.m.   |   Next Release: May 15, 2014

Working gas in underground storage, lower 48 states Summary text CSV JSN
														Historical Comparisons
	Stocks billion cubic feet (Bcf)													Year ago (05/02/13)						5-Year average (2009-2013)
Region	05/02/14			04/25/14			net change			implied flow				(Bcf)			% change			(Bcf)			% change
East	397			362			35			35				749			-47.0			870			-54.4
West	203			191			12			12				343			-40.8			322			-37.0
Producing	455			428			27			27				761			-40.2			844			-46.1
Salt	113			104			9			9				210			-46.2			173			-34.7
Nonsalt	342			324			18			18				551			-37.9			671			-49.0
Total	1,055			981			74			74				1,852			-43.0			2,037			-48.2

...MORE 

From FinViz, the week's action: