Natural Gas Gained As Higher Heating Demand For The Fuel Due To The Colder Temperatures

Natural gas trading range for the day is 189.5-194.3.

Natural gas gained as higher heating demand for the fuel due to the colder temperatures at present offset higher supply.

The US EIA reported that U.S. natural gas stockpiles decreased by 177 billion cubic feet for the week ending February 15.

Total U.S. stockpiles decreased week over week, falling to around 4.1% below last year’s level and to 17.5% below the five-year average.

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