Thursday, 16 May 2019

Natural Gas Fell On Forecasts For Heating Demand To Decline

Natural gas trading range for the day is 179.8-190.4.

Natural gas fell on forecasts for heating demand to decline over the next two weeks.

Utilities likely added 104 billion cubic feet of gas to inventories during the week ended May 10.

With the weather warming, projected demand in the Lower 48 U.S. states would slide to an average of 76.4 billion cubic feet per day.

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