Monday, 1 July 2019

Natural Gas Trading Range For The Day Is 156.9-165.9

Natural gas trading range for the day is 156.9-165.9.

Natural gas eased as the market focused more on forecasts for less hot weather in a couple weeks than on an expected increase in LNG exports.

Prices seen under pressure as near-record production and moderate spring weather allowed utilities to inject huge amounts of gas into stockpiles.

Output in the Lower 48 U.S. states slipped to 89.62 billion cubic feet per day from a nine-week high of 90.32 bcfd.

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