Wednesday, 27 November 2019

Natural Gas Fell On Forecasts For Less Cold Weather And Heating Demand

Natural gas trading range for the day is 175-188.6.

Natural gas fell on forecasts for less cold weather and heating demand over the next two weeks than previously expected.

Meteorologists currently forecast the weather over much of the U.S. Lower 48 states will remain near normal through Nov. 30.

Stockpiles will likely return to a surplus over the five-year average during the next month or so as rising production enables utilities to leave more gas in storage.

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