Naturalgas trading range for the day is 198.3-203.5.
Natural gas fell on expectations of a decline in cooling demand and sustained record production.
This comes despite low inventory levels that have a flat trajectory and have a lot of stockpiles to make up prior to the withdrawal season.
The weather is expected to be warmer than normal over the next 8-14 days which should drive up cooling demand at the tail end of the summer cooling season.
Production continues to remain buoyed which is keeping a lid on prices, there is no tropical cyclone weather expected in the Atlantic or Caribbean for the next 48-hours.
Subscribe now for best Stock Report
US Stock Market News
For quick free trial click here > 911 133 9000
Connect with our social media sites