The EIA has stated that natural gas stockpiles could end this winter 9 bcf above the five-year average for this time of year, Bloomberg reported.
“Under our current estimates, the deficit to the five-year storage level would flip to a surplus by mid-February,” Vikas Dwivedi, an analyst at Macquarie Group Ltd., said.
First Trust ISE-Revere Natural Gas Index Fund
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Max Chen contributed to this article.