Profile image
Story Views

Last Hour:
Last 24 Hours:

MTECHTIPS:-U.S. natural gas bounces off 3-month low on bets for bullish storage data

Thursday, February 16, 2017 1:47
% 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 bounces off 3-month low on bets for bullish storage data


MTECHTIPS-U.S. natural gas futures rose for the first time in four sessions on Wednesday, bouncing off the lowest level since November as traders looked ahead to weekly storage data to gauge supply and demand levels. Natural gas for March delivery on the New York Mercantile Exchange rose 5.6 cents, or around 1.9%, to $2.960 per million British thermal units by 9:45 AM ET (14:45 GMT), after losing 3.9 cents, or 1.3%, a day earlier. Prices of the heating fuel sank to $2.887 on Tuesday, a level not seen since November 21, amid forecasts for warmer weather in key regions across the U.S. during the next few weeks. The natural-gas market is on the defensive in recent days after forecasting models showed cold air exiting the Northeast, with the updated 6-10 day forecast looking warmer than a day ago. Prices of the heating fuel are down almost 21% since the start of the year as forecasts for warm winter weather weighed on heating demand expectations. Natural gas markets have been volatile in recent weeks, changing course rapidly in response to shifting outlooks in short-term weather patterns. About half of U.S. homes use natural gas for heating


mtechtips- Apply For 2 Days Free Trails  Equity & Commodity tips





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.