Natural Gas Trading Range For The Day Is 170.5-178.3

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Natural Gas trading range for the day is 170.5-178.3.

 

Natural Gas dropped amid speculation the end of the winter heating season will bring warmer temperatures throughout the U.S. and cut into demand for the fuel.

 

Traders warned that prices are likely to remain vulnerable in the near-term as the coldest part of the winter has effectively passed.

 

Total Natural Gas in storage currently stands at 1.532 trillion cubic feet (tcf), according to the U.S. Energy Information Administration.

 

That figure is 718 bcf, or around 31.9%, lower than levels at this time a year ago, and roughly 16.1%, below the five-year average for this time of year.

 

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