Naturalgas trading range for the day is 128.7-141.3.
Natural-gas prices dropped more than -4% extending losses after data showed U.S. natural gas supplies in storage fell less than expected last week.
EIA said in its weekly report that storage in the U.S. in the week ended January 29 fell by 152bcf against a decline of 158 billion.
Natural gas is down 13% so far this week as a milder weather forecast for the last eight weeks of the U.S. November-March winter heating season dampened demand hopes.
For more information ✆ – 0731-6642300 or Visit http://www.epicresearch.co
Natural-gas prices dropped more than -4% extending losses after data showed U.S. natural gas supplies in storage fell less than expected last week.
EIA said in its weekly report that storage in the U.S. in the week ended January 29 fell by 152bcf against a decline of 158 billion.
Natural gas is down 13% so far this week as a milder weather forecast for the last eight weeks of the U.S. November-March winter heating season dampened demand hopes.
For more information ✆ – 0731-6642300 or Visit http://www.epicresearch.co
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