Natural Gas Recovered As Investors Covered Short Positions

Natural gas trading range for the day is 181.3-187.9

Natural gas recovered as investors covered short positions after prices dropped on forecasts for warmer-than-expected weather.

The U.S. EIA said utilities pulled 237 billion cubic feet of gas from inventories during the brutally cold week ended Feb. 1.

With the weather expected to be a little warmer than previously forecast, projected demand for gas in would reach 118.5 bcfd.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com