Wednesday, 6 November 2019

Natural Gas Rose As Investors Covered Shorts On Forecasts

Natural gas trading range for the day is 198.1-208.1.

Natural gas rose as investors covered shorts on forecasts for colder-than-usual weather over the next two weeks.

Data provider Refinitiv projected 367 heating degree days in the Lower 48 U.S. states over the next two weeks.

Utilities likely added a smaller-than-normal 45 billion cubic feet of gas to storage during the week ended Nov. 1.

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