Thursday 1 November 2018

Natural Gas Rose On Forecasts For Cooler Weather And More Heating Demand

Natural gas trading range for the day is 232.9-247.3.

Natural gas rose on forecasts for cooler weather and more heating demand than previously expected for the next two weeks.

The market was more focused on the coming cold weather and vast storage deficit for this time of year than production, which is at a record high and growing.

The projected demand in the lower 48 states would rise to 85.7 billion cubic feet per day (bcfd) next week, up from Tuesday's forecast of 85.4 bcfd.

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