Profile image
Story Views

Last Hour:
Last 24 Hours:

MTECHTIPS:-U.S. natural gas pulls back from 4-week high

Wednesday, March 15, 2017 3:08
% of readers think this story is Fact. Add your two cents.

MTECHTIPS:-U.S. natural gas pulls back from 4-week high



MTECHTIPS- U.S. natural gas futures declined on Tuesday, pulling back from a four-week high as a blizzard began blowing in parts of the northeastern U.S. U.S. natural gas for April delivery shed 3.7 cents, or around 1.2% to $3.006 per million British thermal units by 9:50 AM ET (13:50 GMT). Prices of the heating fuel rallied to $3.089 in the prior session, the most since February 10. he National Weather Service warned some 50 million people from Pennsylvania to Maine of a “rapidly intensifying nor’easter” that was unusual for so late in the winter. Some could expect to find themselves surrounded by up to 2 feet (60 cm) of snow by early Wednesday, the federal agency predicted. However, New York City was expected to escape the worst of it after the NWS withdrew its blizzard warning for the city on Tuesday morning, replacing it with a mere “winter weather advisory.” The service sharply reduced its snowfall forecast for the city to between 4 and 8 inches (10 and 20 cm).The storm comes near the end of an unusually mild winter along much of the East Coast, with  below-normal snowfalls in some areas, including New York City and Washington DC. It was the warmest February on record in nearly the entire area, according to the Northeast Regional Climate Center. Meanwhile, market participants looked ahead to weekly storage data due on Thursday, which is expected to show a draw in a range between 49 and 59 billion cubic feet in the week ended March 10. That compares with a withdrawal of 68 billion cubic feet in the preceding week, 1 billion a year earlier and a five-year average drop of 85 billion cubic feet. Total natural gas in storage currently stands at 2.295 trillion cubic feet,according to the U.S


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.