Naturalgas trading range for the day is 216.2-231.6 - Kedia Advisory
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Crudeoil
Observations
Naturalgas trading range for the day is 216.2-231.6
Natural gas gains amid a drop in output
Prices were up on forecasts for hotter-than-normal weather to continue through mid-July
Extreme heat boosts the amount of gas generators burn to produce power for air conditioning, especially in Texas.
Refinitiv forecast U.S. gas demand, would rise from 103.7 bcfd this week to 104.3 bcfd next week as the weather turns hotter.
Natural Gas
Observations
Naturalgas trading range for the day is 216.2-231.6
Natural gas gains amid a drop in output
Prices were up on forecasts for hotter-than-normal weather to continue through mid-July
Extreme heat boosts the amount of gas generators burn to produce power for air conditioning, especially in Texas.
Refinitiv forecast U.S. gas demand, would rise from 103.7 bcfd this week to 104.3 bcfd next week as the weather turns hotter.
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