Natural Gas Rose On Short Covering As Traders Looked Ahead To Weekly Storage - Dollar Advisory | Best Commodity Tips Provider

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Thursday 16 February 2017

Natural Gas Rose On Short Covering As Traders Looked Ahead To Weekly Storage

Natural gas trading range for the day is 192.4-202.8.Natural gas rose on short-covering as traders looked ahead to weekly storage data to gauge supply and demand levels.

The natural-gas market is on the defensive in recent days after forecasting models showed cold air exiting the Northeast.

The weekly storage data due on Thursday, which is expected to show a draw of 130 billion cubic feet in the week ended February 10. 

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