Naturalgas trading range for the day is 204.4-220.2 -Kedia Advisory
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Crudeoil
Observation
Naturalgas trading range for the day is 204.4-220.2
Natural gas gained amid a drop in output and forecasts for more demand
EIA utilities added 95 billion cubic feet (bcf) of gas into storage during the week ended June 16.
Average gas output in the U.S. Lower 48 states fell from a record 102.5 bcfd in May to 101.5 bcfd so far in June
Meteorologists forecast the weather in the Lower 48 states would turn from near-normal now to hotter than normal from June 24-July 7.
Natural Gas
Observations
Naturalgas trading range for the day is 204.4-220.2
Natural gas gained amid a drop in output and forecasts for more demand
EIA utilities added 95 billion cubic feet (bcf) of gas into storage during the week ended June 16.
Average gas output in the U.S. Lower 48 states fell from a record 102.5 bcfd in May to 101.5 bcfd so far in June
Meteorologists forecast the weather in the Lower 48 states would turn from near-normal now to hotter than normal from June 24-July 7.
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