What's moving the oil markets?

Analysts were expecting natural gas balances to remain tight throughout peak demand season as a result of shut-in production in the Gulf of Mexico. Shut-in gas production was reported Tuesday at 5.582 Bcf per day, or 55.82%, by Minerals Management Services, and cumulative shut-ins from hurricanes Katrina and Rita was put at 348 Bcf.

Read more...
http://www.platts.com/Oil/Resources/Whats%20Moving%20the%20Market/