Forecasts of cooler temperatures and increased demand for heating caused natural gas prices to rise

Anticipated colder weather and higher heating demand in the upcoming week caused the natural gas market to see a 1.86% price hike, ultimately settling at 279.9. Record-high output levels and a generally benign weather forecast through early November did not prevent this growth. Notably, gas output in the Lower 48 U.S. states surpassed prior records…

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A federal report indicating a boost in storage last week caused natural gas to decline

After a federal report confirmed a storage build in line with market expectations, natural gas had a sharp decline of -3.61%, settling at 218. U.S. utilities increased their gas storage by 64 billion cubic feet (bcf), closely matching the predicted 67 bcf increase, according to the EIA (U.S. Energy Information Administration). A 10-week low of…

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Natural gas prices increased as a result of projections for continued high temperatures

The price of natural gas yesterday increased by 3.02% to 218.6 due to predictions that the weather would continue to be hotter than usual until early September, which will keep air conditioning demand high, particularly in Texas. Even though it was anticipated that demand would decline over the following two weeks, that price rise still…

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