The natural gas market came under pressure following yesterday's EIA storage data that reported an inline injection of 77 bcf. While the weekly injection was below both year ago and the five-year averages, there still remains a more than ample amount of supply available. Total storage stands at 2,744 bcf or 37.8% above the 5 year average. Over the last four weeks natural gas storage has increased 196 bcf. Meanwhile, NOAA released their 2012 Atlantic hurricane season forecast, which projected activity near seasonal norms.
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