Natural Gas Prices Dropped As Traders Reacted To Forecasts Showing - Dollar Advisory | Best Commodity Tips Provider

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Tuesday 17 October 2017

Natural Gas Prices Dropped As Traders Reacted To Forecasts Showing

Natural gas trading range for the day is 185.3-197.7.

Natural gas prices dropped as traders reacted to forecasts showing a return to mild weather after a cold spell in the eastern U.S.

Bearish speculators are betting that the warmer weather will reduce early-winter demand for the heating fuel.

Prices often reach a seasonal low in October, when mild weather weakens demand, before recovering in the winter, when heating-fuel use peaks.

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