Friday, 29 September 2017

Natural Gas Prices Dropped As Worries About Upcoming Demand Outweighed

Natural gas trading range for the day is 194-204.8.

Natural gas prices dropped as worries about upcoming demand outweighed government data that showed a smaller-than-expected increase in stockpiles last week.

The U.S. Energy Information Administration said natural gas stockpiles grew by 58 billion cubic feet, compared with the 66 bcf anticipated.

That compared with a gain of 97 billion cubic feet in the preceding week, a build of 49 billion a year earlier and a five-year average rise of 84 billion cubic feet.

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