The Traderszone Network

Published in TZ Latest News 3 December, 2016 by The TZ Newswire Staff

As Winter Descends, Natural Gas Prices Are Rising

From OilPrice.com: U.S. natural gas storage inventories decreased by 50 Bcf during the week ending Nov. 25, per the Energy Administration Association (EIA).

The 50 Bcf draw was relatively in line with market expectations of a draw in the low 50s and full range of forecasts expecting a draw between 26 and 65 Bcf. The withdrawal compares to a 35 Bcf reported last year.

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