GAZ - Natural Gas Trading: We Have Closed Our Short Positions

February, 24 2021 12:22 PM Barclays Bank PLC iPath Series B Bloomberg Natural Gas Subindex Total Return ETN

This Thursday, we expect the EIA to report 1,931 bcf of working gas in storage for the week ending February 19.
We anticipate to see a draw of 350 bcf, which is 205 bcf larger than a year ago and 230 bcf larger vs. the five-year average.
Natural gas production that was lost due to extremely cold weather in Texas has now been restored.
Over the next 30-day period, total natural gas demand is expected to average 106.6 bcf/d, which is almost exactly in line with last year's figures.
We have closed our short positions and we are now on the sidelines.

For further details see:

Company Name:	Barclays Bank PLC iPath Series B Bloomberg Natural Gas Subindex Total Return ETN
Stock Symbol:	GAZ
Market:	NYSE