Friday 20 December 2019

Natural Gas Slipped On Forecasts Confirming The Weather Will Turn Warmer

Natural gas trading range for the day is 156.6-166.

Natural gas slipped on forecasts confirming the weather will turn warmer than normal through the end of the year despite signs the new year could start with a cold snap.

Prices remained under pressure due to warmer than usual weather and expectations inventories will remain over the five-year average in coming months.

EIA said utilities pulled 107 billion cubic feet of gas from storage during the week ended Dec. 13.

Meteorologists projected the weather in the U.S. Lower 48 states will turn from colder than normal now to warmer from Dec. 22-29 before turning colder.

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