Natural Gas Gained On Forecasts For Colder Weather Than Previously Expected

Natural gas trading range for the day is 287.3-334.1.

Natural gas gained on forecasts for colder weather than previously expected, prompting worries that prices could spike even higher this winter.

EIA said utilities pulled a massive 134 billion cubic feet of gas from inventories during the extremely frigid week.

The decrease cut stockpiles to 3.113 tcf, 18.6 percent below the five-year average of 3.823 tcf for this time of year and the lowest for the week since 2002.

For more information ✆ +91-8871068600 or visit Dynamic Money Research

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.

For more information ✆ +91-8871068600 or visit Dynamic Money Research

Natural Gas Rose On Forecasts For Colder Weather Next Week

Natural gas trading range for the day is 251.5-286.7.

Natural gas rose on forecasts for colder weather next week than previously forecast.

Cold will boost heating demand and cause utilities to start withdrawing fuel from storage facilities that are already about 16 percent below normal levels.

Despite last week's bigger than expected storage increase, U.S. stockpiles were only at 3.208 trillion cubic feet.

For more information ✆ +91-8871068600 or visit Dynamic Money Research

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.

For more information ✆ +91-8871068600 or visit Dynamic Money Research