Natural Gas Dropped On Forecasts Of A Warmer Than Usual Weather

Natural gas trading range for the day is 159-182.6.

Natural gas dropped on forecasts of a warmer-than-usual weather and record production.

U.S. utilities pulled a much smaller-than-normal 28 billion cubic feet of gas from storage last week

The drawdown reduced total stockpiles to 3.610 trillion cubic feet, about 0.9% below the five-year average

U.S. dry natural gas production will rise to an all-time high of 92.13 billion cubic feet per day in 2019 from a record high of 83.80 bcfd last year.

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