Natural Gas Trading Range For The Day Is 170-178.2

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Natural Gas trading range for the day is 170-178.2.

 

Natural Gas inched lower as investors looked ahead to weekly data from the U.S. on supplies in storage to gauge demand for the fuel.

 

Meanwhile, market participants looked ahead to storage data, which is expected to show a draw in a range between 86 and 96 billion cubic feet.

 

That compares with a decline of 93 bcf in the preceding week, a fall of 150 bcf a year earlier and a five-year average drop of 53 bcf.

 

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

 

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