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 stays within sight of 3-month lows

Wednesday, March 1, 2017 3:09

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

MTECHTIPS:-U.S. natural gas stays within sight of 3-month lows

MTECHTIPS- U.S. natural gas futures held within sight of the lowest level since November on Tuesday, amid forecasts for warmer weather in key regions across the U.S. during the next few weeks. U.S. natural gas for April delivery dipped 0.1 cents, or less than 0.1% to $2.692 per million British thermal units by 8:40 AM ET (13:40 GMT), after plunging 9.4 cents, or 3.4%, on Monday. Futures touched a three-and-a-half-month low of $2.522 last Wednesday, as forecasts called for mostly warmer-than-normal weather in key regions across the U.S. for the rest of the winter. Prices of the heating fuel are down a whopping 30% so far this year. Based on data from the National Oceanographic and Atmospheric Administration, this year’s extremely warm winter has pushed heating demand for natural gas to nearly 20% below average. About half of U.S. homes use natural gas for heating. Meanwhile, market participants looked ahead to weekly storage data due on Thursday, which is expected to show a draw in a range between 1 and 8 billion cubic feet in the week ended February 24. That compares with a withdrawal of 89 billion cubic feet in the preceding week, 48 billion a year earlier and a five-year average drop of 132 billion cubic feet. Total natural gas in storage currently stands at 2.356 trillion cubic feet, according to the U.S. Energy Information Administration, 2.5% lower than levels at this time a year ago and 6.6% above the five-year average for this time of year. Without significant demand for natural gas, inventories could stay near record levels and may even continue to pull prices even lower.

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

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:	1,599,604,682
Stories:	8,139,637