Natural Gas Jumped On Forecasts That Warmer Weather Than Previously Expected - Dollar Advisory | Best Commodity Tips Provider

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Monday 18 June 2018

Natural Gas Jumped On Forecasts That Warmer Weather Than Previously Expected

Natural gas trading range for the day is 199.7-210.7.

Natural gas jumped on forecasts that warmer weather than previously expected would boost air conditioner use next week, lifting demand.

The combination of higher power demand and rising exports would reduce the amount of gas available for storage to rebuild stockpiles to normal levels by next winter.

Investors boosted their forecast for gas demand next week to 76.6 billion cubic feet per day (bcfd) from 75.5 bcfd.

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