Natural gas prices traded in range on forecasts for less hot weather and lower demand over the next two weeks than previously expected.
Natural gas prices are 12% below the 5-year average, which is 3.14, which makes them relatively cheap when comparing them to the 5-year average inventory level.
According to the EIA natural gas inventories are 705 Bcf less than last year at this time and 557 Bcf below the five-year average of 2,830 Bcf.
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