Friday, 27 April 2018

Natural Gas Jumped To Settle Above 190 Level After Data Showed That Domestic Supplies

Natural gas trading range for the day is 186-191.4.

Natural gas jumped to settle above 190 level after data showed that domestic supplies in storage fell more than expected last week.

The U.S. EIA said in its weekly report that natural gas storage in the U.S. fell by 18bcf in the week ended April 20, besting forecasts for a withdrawal of 11 bcf.

Weather forecasting models showed that cooler than normal temperatures will spread across the northern United States during the next two weeks.

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