Commodity Tips:- Natural Gas Trading Range For The Day Is 177.9-185.1

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Natural gas trading range for the day is 177.9-185.1.

 

Natural gas prices ended with small gains amid a slight decline in output offsetting forecasts for less heating demand next week.

 

Projected average gas demand in the lower 48 U.S. states would slide to 80.3 billion cubic feet per day (bcfd) next week from 88.1 bcfd this week as the weather warms.

 

U.S. utilities likely pulled 23 billion cubic feet (bcf) of natural gas out of storage during the cooler-than-normal week.

 

Production in the lower 48 states continued to average a record high 78.7 bcfd over the past 30 days.

 

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