Tuesday, 18 June 2019

Natural Gas Edged Up On Forecasts For Rising Demand As Exports Increase

Natural gas trading range for the day is 163.5-170.1.

Natural gas edged up on forecasts for rising demand as exports increase and the need for more fuel to meet increasing air conditioning use.

The near-record production and moderate weather this spring allowed utilities to inject record amounts of gas into storage in May.

Output in the Lower 48 U.S. states edged up to a near two-week high of 89.2 billion cubic feet per day from 89.0 bcfd.

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