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Natural Gas updates for 23 Jan 2017

Natural Gas updates for 23 Jan 2017

Natural gas trading range for the day is 214.9-231.3. Natural gas dropped because of winter weather forecasts that keep getting progressively warmer. Total natural gas in storage currently stands at 2.917 trillion cubic feet, according to the U.S. EIA, 12.9% lower than levels at this time a year ago. Meanwhile, weather forecasts for the end of January turned warmer, which should dampen demand for the heating fuel.

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