Wednesday, 5 September 2018

Natural Gas Fell On Expectations Demand Will Decline After Tropical Storm Gord

Natural gas trading range for the day is 199.6-207.6.

Natural gas fell on expectations demand will decline after Tropical Storm Gordon hits the Gulf Coast, causing power outages and cooler weather.

Several oil and gas rigs have pulled their employees off their platforms which will likely reduce production.

The weather is expected to be warmer than normal throughout the United States for the next 8-14 days which should increase cooling demand.

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