Wednesday, 3 April 2019

Natural Gas Edged Lower On Forecasts For Less Demand

Natural gas trading range for the day is 182.6-191.6.

Natural gas edged lower on forecasts for less demand for the fuel next week while output remains near record levels.

Utilities likely added 3 billion cubic feet of gas to inventories during the week ended March 29, which would be the first storage increase of the year.

Data provider Refinitiv projected demand in the Lower 48 U.S. states would average 91.0 billion cubic feet per day this week.

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