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Natural gas Updates For 11 May , 2017

Natural gas Updates For 11 May , 2017

Natural gas trading range for the day is 203.1-221.5. Natural gas rallied as oil price surge, also warmer than normal weather is expected to cover most of the US, generating increased cooling demand. Overall natural gas demand will remain stronger than normal, mainly driven primarily by the cooler than normal northeastern U.S.Total natural gas in storage currently stands at 2.256tcf, 13.7% lower than levels at this time a year...
Natural Gas Updates for 17 April 2017

Natural Gas Updates for 17 April 2017

Natural gas trading range for the day is 200.4-212.4.Natural gas prices steadied as traders were caution for recent move given the upcoming weather forecast.It was reported by the Energy Information Administration that natural gas storage data recorded a build of 10 Billion Cubic feet.Demand for natural gas is expected to be low in the coming week as high pressure systems continue to dominate in the central, southern and eastern parts of the...
Natural gas Updates For 6 April 2017

Natural gas Updates For 6 April 2017

Natural gas trading range for the day is 208-220.Natural gas rose as traders monitored shifting weather forecasts to assess the outlook for early-spring demand and supply levels.Overall, an active spring pattern is expected the next two weeks across most parts of the U.S. with swings in demand between slightly lighter and stronger than normal.Meanwhile, market participants looked ahead to weekly storage data, which is expected to show a build of 10 billion cubic...
Natural Gas Important Updates for 24 March 2017

Natural Gas Important Updates for 24 March 2017

Natural gas trading range for the day is 193.5-201.7. Natural gas prices dropped after data showed that natural gas supplies in storage in the U.S. fell broadly in line with market expectations. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. declined by 150 billion cubic feet. Total natural gas in storage currently stands at 2.092 trillion cubic feet, according to the U.S. EIA, 16% lower than levels at this time a year...
Natural Gas dropped below 200 level pulling back on profit

Natural Gas dropped below 200 level pulling back on profit

Natural gas trading range for the day is 195.1-203.5. Natural Gas dropped below 200 level pulling back on profit booking as traders continued to monitor shift in weather forecasts. Warm to mild conditions will dominate most of the U.S. this weekend, even as a spring-like weather system with heavy showers. Trader looked ahead to weekly storage data which is expected to show a draw of 147bcf in the week ended March...
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