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07-03-2023 11:00 AM | Source: Kedia Advisory
Naturalgas trading range for the day is 211.3-242.1 - Kedia Advisory
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Natural Gas

Observations

Naturalgas trading range for the day is 211.3-242.1

Natural gas gains on a smaller storage build and forecasts for higher demand

Traders noted prices were up on forecasts for hotter-than-normal weather to continue through mid-July

The U.S. EIA said utilities added 76 billion cubic feet (bcf) of gas into storage

Average gas output in the U.S. Lower 48 states fell to 101.5 bcfd so far in June from a record 102.5 bcfd in May.

 

 

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