Thursday 15 November 2018

Natural Gas Rose To Their Highest Since February 2014 On Forecasts

Natural gas trading range for the day is 271.2-389.8.

Natural gas rose to their highest since February 2014 on forecasts for colder weather than previously expected over the next two weeks.

Cold would boost heating demand and cause utilities to start withdrawing fuel from storage facilities that are already about 16 percent below normal for this time.

Output in the lower 48 states, meanwhile, averaged a record-high 87.0 bcfd over the past 30 days.

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