Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

MTECHTIPS;-U.S. natural gas pulls back from 2-week high

Wednesday, March 8, 2017 1:07
% of readers think this story is Fact. Add your two cents.

(Before It's News)

MTECHTIPS;-U.S. natural gas pulls back from 2-week high

B4INREMOTE-aHR0cHM6Ly80LmJwLmJsb2dzcG90LmNvbS8tSVBCZExRdUVJYTQvV0wtN0M0TFFoOEkvQUFBQUFBQUJFWDAvUmhTTy15a0cyTVlUMWItUGpXLU1GazlBN1g3Nzg3MzB3Q0xjQi9zMzIwL2VuZXJneTIxMzUwOTMwMjYwLmpwZw==

 

MTECHTIPS- U.S. natural gas futures fell on Tuesday, pulling back from the prior session’s two-week high as traders continued to monitor shifting weather forecasts to gauge demand for the fuel. U.S. natural gas for April delivery shed 5.3 cents, or around 1.8% to $2.848 per million British thermal units by 10:10 AM ET (15:10 GMT), after reaching $2.952 on Monday, the most since February 16. Weather forecasts for the next 8-to-15 days showed that rain, snow, and cool temperatures will track across the northern and eastern U.S., boosting demand expectations for the heating fuel. At the same time, the southern half of the U.S. will be warmer than normal as high pressure dominates with highs reaching the 60 s to 80 s Fahrenheit. Meanwhile, market participants looked ahead to weekly storage data due on Thursday, which is expected to show a draw in a range between 53 and 64 billion cubic feet in the week ended March 3. That compares with a build of 7 billion cubic feet in the preceding week, a decline of 57 billion a year earlier and a five-year average drop of 136 billion cubic feet. Total natural gas in storage currently stands at 2.363 trillion cubic feet, according to the U.S. Energy Information Administration, 7.3% lower than levels at this time a year ago and 12.5% above the five-year average for this time of year

 

 

MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips

WWW.MTECHTIPS.COM

07489294118-119

Report abuse

Comments

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
 

Featured

 

Top Global

 

Top Alternative

Register

Newsletter

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.