U.S. Gas Storage Seen Rising 67 Bcf in Week to Nov. 6

The estimates range from an injection of 55 Bcf to 82 Bcf. If the average forecast is borne out, inventories will reach 3,868 Bcf. The projected increase is above the five-year average build of 40 Bcf for the week and would lift the surplus over the 2021-2025 average to 81 Bcf, from 54 Bcf a week earlier.

The injection season traditionally ends in October, but storage builds often continue into November. In its latest Short Term Energy Outlook, the Energy Information Administration said mild weather this month is expected to curb heating demand. The agency now forecasts 3,840 Bcf in storage at the end of November, 67 Bcf more than it projected last month.

The EIA is scheduled to release its storage data Friday at 10:30 a.m. ET.