Wednesday 14 August 2019

Natural Gas Rose On Forecasts For More Heat And Cooling Demand Next Week

Natural gas trading range for the day is 146.7-157.5.

Natural gas rose on forecasts for more heat and cooling demand next week than previously expected despite an increase in output to a fresh record high.

The amount of gas in inventory has remained below the five-year average since September 2017.

U.S. dry natural gas production will rise to an all-time high of 91.03 billion cubic feet per day in 2019.

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