Natural Gas Trading Range For The Day Is 169.7-179.5

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Natural Gas trading range for the day is 169.7-179.5.

 

Natural Gas dropped after data showed a smaller-than-expected withdrawal of the fuel from storage last week. 

 

The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. fell by 29 billion cubic feet. 

 

Total U.S. natural gas storage stood at 1.3542 trillion cubic feet, 30.4% lower than levels at this time a year ago. 

 

Prices are likely to remain vulnerable in the near-term as spring usually sees the weakest demand for natural gas in the U.S.

 

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