Online:
Visits:
Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

MTECHTIPS;-U.S. natural gas futures turn lower after weekly storage data

Friday, March 24, 2017 0:18
% of readers think this story is Fact. Add your two cents.

(Before It's News)

MTECHTIPS;-U.S. natural gas futures turn lower after weekly storage data

B4INREMOTE-aHR0cHM6Ly80LmJwLmJsb2dzcG90LmNvbS8tMFlOS1h0QmlLTTQvV05URlNtSUl5RkkvQUFBQUFBQUJGRVkvVHNXMHZvSWhJTUVtNFYyVEQtU01hemFVRjZIUVhhRzF3Q0xjQi9zMzIwL2VuZXJneTIxMzUwOTMwMjYwLmpwZw==

 

MTECHTIPS-U.S. natural gas futures reversed gains on Thursday morning, turning lower after data showed that natural gas supplies in storage in the U.S. fell broadly in line with market expectations. U.S. natural gas for April delivery shed 1.8 cents, or around 0.6% to $2.992 per million British thermal units by 10:45 AM ET (14:45 GMT). Futures were at around $3.046 prior to the release of the supply data. It settled lower for the first time in four sessions on Wednesday, falling 8.2 cents, or about 2.7%, as traders monitored shifting early-spring weather forecasts. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. declined by 150 billion cubic feet in the week ended March 17, matching forecasts. That compared with a withdrawal of 53 billion cubic feet in the preceding week, a build of 15 billion a year earlier and a five-year average drop of 21 billion cubic feet. Total natural gas in storage currently stands at 2.092 trillion cubic feet, according to the U.S. Energy Information Administration, 16% lower than levels at this time a year ago but 12.7% above the five-year average for this time of year. Meanwhile, updated weather forecasting models showed that warm to mild conditions will dominate most of the U.S. this weekend, even as a spring-like weather system with heavy showers and thunderstorms impacts the central U.S.

 

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

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.