Profile image
Story Views

Last Hour:
Last 24 Hours:

MTECHTIPS:- U.S. natural gas slides 4% after weekly storage data

Friday, November 11, 2016 0:16
% of readers think this story is Fact. Add your two cents.

Headline: Bitcoin & Blockchain Searches Exceed Trump! Blockchain Stocks Are Next!

MTECHTIPS- U.S. natural gas futures fell sharply on Thursday morning, after data showed that natural gas supplies in storage in the U.S. rose slightly more than forecast last week. Natural gas for delivery in December on the New York Mercantile Exchange tumbled 8.4 cents, or 3.12%, to $2.607 per million British thermal units by 10:32 AM ET (15:32 GMT). Futures were at around $2.615 prior to the release of the supply data. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 54 billion cubic feet in the week ended November 4, just above market expectations for an increase of 53 billion cubic feet. That compared with a gain of 54 billion cubic feet in the preceding week, 54 billion a year earlier and a five-year average build of 38 billion cubic feet. Total U.S. natural gas storage stood at 4.017 trillion cubic feet, just 1.2% higher than levels at this time a year ago and 4.7% above the five-year average for this time of year. Meanwhile, updated weather forecasting models showed that high pressure weather systems will dominate over the central and southern U.S. in the coming days, resulting in much warmer than normal conditions.

We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global


Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.