The EIA reported that for the week ending February 6 (when Fern’s impacts were dissipating), there was a -249 Bcf withdrawal from the L48’s storage. Inventories are now about 6% lighter than the 5-year average, and the EIA decreased their projected end-of-season inventory for the L48 by 8% in their Short-Term Energy Outlook. The reported withdrawal was slightly smaller than expected, and NYMEX futures did not move after its release. In fact, another day without much movement at all.

Looking ahead some, forecasts are mixed on the 8-14 Day Temp. Outlook, but there is confidence in the warmth next week, which should stretch up to Ontario too.