Wednesday, 18 April 2018

Natural Gas Settled Flat After Prices Seen Supported Amid Forecasts

Natural gas trading range for the day is 177-183.4.

Natural gas settled flat after prices seen supported amid forecasts for a slight increase in heating demand over the next two weeks.

The rise in heating demand could cause utilities to pull gas out of storage for a third week in April for the first time ever.

Projected average gas demand in the lower 48 U.S. states would slide to 81.4 billion cubic feet per day next week from 88.0 bcfd this week as the weather warms.

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