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Natural gas pushed 7 cents lower

Posted on: February 17, 2017

Another disappointing day for natural gas settling 7 cents lower to $2.854. NYMEX natural gas futures fell after the EIA reported US natural gas inventories draw of 114bcf compared to the Bloomberg analyst forecast for a 124bcf draw. The draw was simply not as large as anticipated and above average temperatures continue to hold a bearish sentiment. Bloomberg reported that higher temperatures may sweep the lower 48 states through Feb 25th.


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