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Natural Gas Price Prediction – Prices Fall Despite Smaller than Expected Inventory Build
Natural gas slammed lower but finished the session off the lows of the day. This came despite a smaller than expected build in natural gas inventories reported on Thursday by the Department of Energy. The weather is also expected to be much colder than normal over the next 6-10 and then turn slightly milder over the 8-14 days forecast according to the latest estimates from the National Oceanic Atmospheric Administration. There are no disturbances that are expected to form tropical cyclones over the next 48-hours. Natural gas prices declined nearly 1% but rebounded substantially from the session lows which coincided ... (full story)