Natural gas futures soar to two week high on US supply data

Natural gas futures soared to a two week high on Thursday, as a report from the US Energy Information Administration showed that natural gas supplies increased less than expected last week. Analysts continued to focus on near-term weather forecasts to estimate the demand for the fuel. On the New York Mercantile Exchange, natural gas futures for September delivery traded at 3.405 USD per million British thermal units during US morning trade, up 1.9%. The September contract resolved 1.75% higher at 3.342 USD per million British thermal units on Wednesday. Gas prices traded at 3.372 USD prior...

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Natural gas trade low on weather forecasts

Natural gas futures reached the lowest level since February on Monday, due to mild weather forecasts and concerns over ample supplies. On the New York Mercantile Exchange, natural gas futures for September delivery decreased 0.25% and traded at 3.339 USD per million British thermal units. NYMEX gas prices dropped to a session low of 3.315 USD per million British thermal units earlier in the trading session, the lowest level since February 22. The September contract decreased 1.2% to 3.347 USD per million British thermal units on Friday. Weather forecasting models kept pointing to cooler...

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Natural gas futures traded high after US supply data

Natural gas futures traded high on Thursday, after a report from the US Energy Information Administration which showed that natural gas supplies increased less than traders expected last week. On the New York Mercantile Exchange, natural gas futures for August delivery traded at 3.772 USD per million British thermal units, up 3.9% on the day. Prior to the release of the US Energy Information Administration report the August contract traded at 3.687 USD. The August contract increased by as much as 4.1% earlier in the day and hit a session high of 3.778 USD per million British thermal units,...

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Natural gas futures dropped 16 week low after US supply data

Natural gas futures continued to drop on Thursday, dropping to the lowest level since March after a report from the US Energy Information Administration showed that natural gas supplies increased more than expected last week. On the New York Mercantile Exchange, natural gas futures for August traded at 3.595 USD per million British thermal units during US trading hours, losing 3.8% on the day. Earlier in the session natural gas futures dropped 4.1% and hit a session low of 3.584 USD per million British thermal units. Prior to the release of the US Energy Information Administration report,...

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Natural gas futures dropped 2% after US energy report

Natural gas futures dropped to a five week low this Thursday, due to a report from the US Energy Information Administration which showed natural gas supplies increased more than expected last week. During US morning trade on the New York Mercantile Exchange, natural gas futures for June delivery traded at 3.909 USD per million British thermal units which is down 1.7% on the day. NYMEX natural gas prices dropped by 2.1% earlier in the trading session and hit a session low of 3.890 USD per million British thermal units. NYMEX gas prices have increased aggressively in recent weeks, adding about...

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