According to a report from Dow Jones Newswires, natural-gas futures prices were trading lower Friday on expectations that the rest of winter weather won’t be enough to put a dent in the oversupply of natural gas in storage. Prices failed to follow through on Thursday’s sharp 7.2 percent rise, as updated temperature outlooks show below. Read the Rest…
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for: ‘Natural Gas Storage Report’
Natural Gas Inventories Overstretching Storage Capacity
In natural gas news, inventories continue to increase while prices continue to decrease. With an already robust natural gas supply and demand for natural gas-fired heating weak, analysts are starting to question whether there are even enough places to store U.S. inventories this year. Normally during the winter, the demand for natural gas rises as. Read the Rest…
Natural Gas Futures Fall Flat
Natural gas futures in New York fell to a 27-month low for a second straight day after the EIA’s report showed a smaller-than-average decline in U.S. stockpiles and on warmer weather expected ahead. Natural gas for January delivery fell 0.9 cent to $3.127 per million British thermal units on the New York Mercantile Exchange the. Read the Rest…
Larger-than-Expected Draw in Natural Gas Inventories
Any gains made on Thursday fizzled Friday as traders focused on larger-than-average natural gas inventories. As a result, natural gas for January delivery settled down 14 cents, or 4.1 percent, to $3.317 a million British thermal units on the New York Mercantile Exchange. The settlement was the lowest since Nov. 18, when front-month futures sank. Read the Rest…
Natural Gas Futures Lose Last Week’s Gain
Forecasters call for still more mild winter weather into mid-December. As a result, natural gas prices have fallen 5.1 percent the past two sessions. Natural gas for January delivery ended the day down 12.3 cents, or 3.4 percent, at $3.461 a million British thermal units on the New York Mercantile Exchange. The January contract fell. Read the Rest…
