Monday 5 November 2018

Natural Gas Gained On Forecasts For Cold Weather, With Heating Demand

Natural gas trading range for the day is 226.5-248.9.

Natural gas gained on forecasts for cold weather, with heating demand set to rise quicker than previously expected.

Storage grew less than expected according to the Energy Information Administration as reflected by their last estimates of injections into stockpiles.

Projected demand in the lower 48 states would rise to 86.4 billion cubic feet per day next week, up from an expected 85.6 bcfd.

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