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natural gas storage report
natural gas storage report definition - finance
A report issued by the American Gas
Association (AGA) that comes out each week at 2:00 P.M. ET on Wednesday and
shows how much natural gas is in storage in the United States in billions of
cubic feet. It is widely watched by traders in the natural gas market. If
storage levels are low, or if the data is lower than had been anticipated, then
prices will likely shoot higher. Conversely, if the amount of natural gas in
storage exceeds expectations or is at historically high levels, then prices are
likely to fall, because there is too much supply relative to demand.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
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