Monday 18 November 2019

Natural Gas Prices Ended With Gains After Forecasts Called For Colder Weather

Natural gas trading range for the day is 184.5-200.1.

Natural gas prices ended with gains after forecasts called for colder weather than previously expected for the rest of November.

After a cold snap, the U.S. NWS forecast temperatures in the Lower 48 U.S. states would remain a little cooler than normal in the eastern half of the country

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

Gas production in the Lower 48 states held at 94.8 bcfd for a second day in a row, according to Refinitiv data.

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