Naturalgas trading range for the day is 202.6-226.4 - Kedia Advisory
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NATURAL GAS
Naturalgas trading range for the day is 202.6-226.4
Natural gas jumped on a drop in U.S. output and forecasts for the hot weather
Price decline came despite lower U.S. output in recent weeks and forecasts for the weather to remain hot through early July
Average gas output in the U.S. Lower 48 states fell from a record 102.5 billion cubic feet per day (bcfd) in May to 101.5 bcfd so far in June
Meteorologists forecast the weather in the Lower 48 states would turn mostly hotter than normal from June 24-July 8.
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