Natural Gas Fell On Forecasts For Weather Over The Next Two Weeks

Natural gas trading range for the day is 180.4-196.2.

Natural gas fell on forecasts for weather over the next two weeks that will be warmer than previously expected.

Utilities likely pulled 79 billion cubic feet of gas from storage during the week ended Nov. 15, their first withdrawal of the November-March heating season.

Speculators last week cut their net short positions on the NYMEX and Intercontinental Exchange by 17,690 contracts to 69,145.

Gas production in the Lower 48 states held at 95.1 bcfd for a second day in a row, according to Refinitiv data.

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