Natural gas: another drawdown in storage this week, no contango until June 2011

Here are the current numbers, just released a few minutes ago:

The amount in storage was 3,814 Bcf representing a net decline of 23 Bcf from the previous week. Stocks were 23 Bcf less than last year at this time and 347 Bcf above the 5-year average of 3,467 Bcf.

As for contango, it is still dead until June 2011:

 

UNG is still a real ETF!