Disclaimer:All content on this platform is sourced from the internet and is provided for informational purposes only. None of the content represents the views of this site, nor does it constitute investment advice. Please exercise caution when investing.
Mild Winter Reduces Heating Demand; U.S. Natural Gas Prices Fall for Fifth Straight Day
U.S. natural gas futures fell for the fifth consecutive trading day as milder-than-usual January weather dampened heating demand. "The market's current focus is on another round of unseasonably warm weather expected over the next five days," Andy Huenefeld of Pinebrook Energy Advisors said in a report. There are currently no signs of another severe cold snap in the next two weeks at least.” He added that the longer the market avoids a prolonged cold snap, the higher the forecasts for end-of-season inventory levels. Natural gas futures on the New York Mercantile Exchange fell 4.4% to $3.369 per million British thermal units.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice. If you find any violations, please Click to Report
Recommended Reading


