Natural Gas Prices Ended With Losses As Momentum Based Traders Pile - Dollar Advisory | Best Commodity Tips Provider

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Monday 24 April 2017

Natural Gas Prices Ended With Losses As Momentum Based Traders Pile

Natural gas trading range for the day is 195.9-208.5.

Natural gas prices ended with losses as momentum-based traders pile on to a recent losing skid tied to a weak time of year for demand.

A late-winter rally has been followed up by a steady retreat throughout April, a time of year when temperate weather often lowers demand for the heating fuel.

The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 54 billion cubic feet.

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