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Natural Gas Prices May Rise on Colder Weather Forecast, EIA Inventory in Focus


Natural Gas Prices May Rise on Colder Weather Forecast, EIA Inventory in Focus
2021-03-10 04:30:00
Thomas Westwater,
Analyst
Natural Gas Outlook – Talking Points
Colder temperatures expected across the Southern US next week may lift natural gas prices
EIA storage report due out Thursday will likely drive prices going into the weekend
Prices look to maintain slight bullish bias if trendline support continues to hold
Natural gas may shift higher after an updated temperature outlook from the National Weather Service’s Climate Prediction Center. It showed an increased likelihood for colder-than-average temperatures in the central United States over the next 8 to 14 days. Natural gas is heavily utilized as a heating fuel source making its price highly subject to changes in weather as well as supply and demand factors in the market. ....

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