Natural Gas Prices Ended With Gains As Support Seen After Data Showed Domestic Supplies - Dollar Advisory | Best Commodity Tips Provider

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Monday 4 December 2017

Natural Gas Prices Ended With Gains As Support Seen After Data Showed Domestic Supplies

Natural gas trading range for the day is 193.1-204.7.

Natural gas prices ended with gains as support seen after data showed domestic supplies in storage fell less than forecast last week.

Prices remained supported on forecasts for heating demand to shoot up over the next two weeks as the weather turns bitter cold across much of the country.

There is projection of U.S. gas consumption to an average of 94.2 billion cubic feet per day from 93.3 bcfd on forecasts for more heating demand than previously expected.

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