Natural Gas Dropped As Forecasts Called For Mostly Warmer Than Normal Weather

Natural gas trading range for the day is 175.8-184.4. Natural gas dropped as forecasts called for mostly warmer-than-normal weather in key regions across the US.

Prices of the heating fuel dropped 7% last week, taking its losses for the year to a whopping 30% amid forecasts for warm winter weather. 

As per NOAA this year’s extremely warm winter has pushed heating demand for natural gas to nearly 20% below average. 

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