Natural gas trading range for the day is 159-166.
Natural gas edged up from low on forecasts for demand to rise with LNG export terminals and power generators expected to use more of the fuel over the next two weeks.
Those price gains were capped by record monthly storage injections and moderate weather forecasts in recent weeks.
With temperatures expected to rise later in June, projected gas demand in the Lower 48 U.S. states would increase to 82.9 billion cubic feet per day.
Natural gas edged up from low on forecasts for demand to rise with LNG export terminals and power generators expected to use more of the fuel over the next two weeks.
Those price gains were capped by record monthly storage injections and moderate weather forecasts in recent weeks.
With temperatures expected to rise later in June, projected gas demand in the Lower 48 U.S. states would increase to 82.9 billion cubic feet per day.
No comments:
Post a Comment