Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By MTECHTIPS
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

MTECHTIPS;-U.S. natural gas falls towards 3-week low ahead of weekly storage data

Wednesday, October 5, 2016 8:01

% of readers think this story is Fact. Add your two cents.

MTECHTIPS;-U.S. natural gas falls towards 3-week low ahead of weekly storage data

MTECHTIPS;- U.S. natural gas futures fell to the lowest level in almost three weeks on Wednesday, as market players looked ahead to fresh weekly information on U.S. gas inventories to gauge the strength of demand for the fuel. Natural gas for delivery in November on the New York Mercantile Exchange slumped 2.5 cents, or 0.84%, to $2.939 per million British thermal units by 9:20 AM ET (13:20 GMT), within sight of a three-week low of $2.866 touched earlier this week. Market participants awaited weekly supply data due on Thursday, which is expected to show a build of approximately 67 billion cubic feet in the week ended September 30. That compares with a gain of 49 billion cubic feet in the preceding week, 97 billion a year earlier and a five-year average build of 95 billion cubic feet. Total natural gas in storage currently stands at 3.600 trillion cubic feet, according to the U.S. Energy Information Administration, 2.5% higher than levels at this time a year ago and 6.1% above the five-year average for this time of year. Meanwhile, traders continued to monitor the path of Hurricane Matthew amid easing concerns that it will disrupt offshore production in the Gulf of Mexico. Gas futures have made a dramatic recovery in recent months, rising nearly 50% since hitting a 20-year low of $1.611 in early March, as an unusually warm summer helped trim a supply surplus that was weighing on prices.

WWW.MTECHTIPS.COM

07489294118-119

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).

Comments

Online:
Visits:	1,605,711,833
Stories:	8,138,082