Thursday 27 June 2019

Natural Gas Trading Range For The Day Is 156-162.4

Natural gas trading range for the day is 156-162.4.

Natural gas settled flat on projections for only minor changes to previous forecasts for demand to rise over the next two weeks as the weather heats up for the summer.

Pressure seen as near-record production and moderate weather this spring have allowed utilities to inject huge amounts of gas into stockpiles.

Utilities likely added 99 billion cubic feet of gas to inventories during the week ended June 21.

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