Thursday 4 August 2016

MTECHTIPS:-Expect Natural gas prices to trade positive: Sushil Finance

MTECHTIPS:-Expect Natural gas prices to trade positive: Sushil Finance

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. Outlook We expect Natural gas prices to trade positive on the back of  favorable weather conditions.
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1 comment:

  1. Unknown2 June 2017 at 03:58

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