Someone must have known something. Natural gas jumped over 2% this morning before the Energy Information Administration released its Weekly Natural Gas Storage Report at 10:30 a.m. The report would show how much natural gas was in underground storage nationwide on December 13, and how much had been withdrawn from storage during that week. Every Thursday, the report sends gas futures gyrating up or down. But today, they gyrated up from the start of trading. “Unusually” cold weather had swept parts of the country. Natural gas consumption reacts sharply to cold temperatures. So analysts surveyed by Platts had jacked up their estimates for a withdrawal of 260 to 264 billion cubic feet, far above the 70 Bcf during the same week last year and above the five-year average of 133 Bcf for the week. Gas has been rising in anticipation for days. When the EIA report hit at 10:30 […]