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Expect Natural gas prices to trade positive - www.CommodityTips.Com

Discussion in 'Commodity vs Dollar' started by smithrock, Aug 4, 2016.

  1. smithrock

    smithrock New Member

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    U.S. natural gas futures on Wednesday climbed higher on forecasts for hotter weather over the next two weeks and the possibility of a small, single - digit storage build or withdrawal. Analysts estimated utilities adde d 2 billion cubic feet of gas into storage during the much hotter - than - normal week ended July 29, the least for that week since at least 1993. Several analysts, however, forecast a small weekly storage withdrawal, which would be the first during the summer since 2006. Despite the smaller - than - normal injections, analysts still expected stockpiles will start the winter heating season in November at all - time highs due to the record amount of gas utilities left in storage at the start of the summer season in April.

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