Natural Gas Trading Range For The Day Is 159.5-168.7

Natural gas trading range for the day is 159.5-168.7.

Natural gas dropped weighed down by record production and forecasts for the weather to moderate over the next two weeks.

Gas output in the Lower 48 states has averaged a near record high of 92.8 billion cubic feet per day in the past 30 days.

The U.S. Energy Information Administration said utilities added 102 bcf of gas to storage during the week ended Sept. 20 verses 89-bcf build.

Utilities likely added 105 bcf of gas to storage during the week ended Sept. 27. That compares with an injection of 91 bcf during the same week last year.

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