Natural Gas Prices Gained As Cold Weather Forecasts Offset Near Record Production

Natural gas trading range for the day is 156.1-166.5.

Natural gas prices gained as cold weather forecasts offset near record production and expectations the surplus of gas in storage will grow.

Over the next 6-10 days, the U.S. NWS forecast temperatures in the Lower 48 U.S. states would remain colder than usual west of the Mississippi River and warmer in the Southeast.

Utilities likely added a bigger-than-usual 91 billion cubic feet (bcf) of gas to storage during the week ended Oct. 18.

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