Natural Gas Trading Range For The Day Is 172.7-184.7

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Natural Gas trading range for the day is 172.7-184.7.

 

Natural Gas dropped on forecasts for less cold weather and lower heating demand than expected earlier over the next two weeks.

 

Gas demand in the lower 48 U.S. states would average 96.8 billion cubic feet per day next week, down from Tuesday's forecast of 97.8 bcfd for that period.

 

U.S. utilities likely withdrew 96 billion cubic feet (bcf) of natural gas from storage last week, about average for this time of year.

 

Early estimates for the week ending March 16 ranged from withdrawals of 80 bcf to 101 bcf, with an average decline of 91 bcf.

 

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