MTECHTIPS;-U.S. natural gas futures decline for 4th straight day

MTECHTIPS;-U.S. natural gas futures decline for 4th straight day

MTECHTIPS-U.S. natural gas futures edged lower for the fourth straight session on Tuesday, as mild spring weather dampened demand for the fuel. U.S. natural gas for June delivery shed 1.9 cents, or around 0.6%, to $3.141 per million British thermal units by 10:10 AM ET (14:10 GMT). Prices of the heating fuel slumped 3.2 cents on Monday, its third losing session in a row. Weather systems will sweep across the Great Lakes and Northeast with showers and slightly cool temperatures through the end of the month. High pressure is expected to dominate the western and southern US with warmer than normal conditions during the period. Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on spring demand. Gas use typically hits a seasonal low with spring’s mild temperatures, before warmer weather increases demand for gas-fired electricity generation to power air conditioning. Nearly 50% of all U.S. households use gas for heating. Total natural gas in storage currently stands at 2.115 trillion cubic feet, according to the U.S. Energy Information Administration, 14.8% lower than levels at this time a year ago but 13.3% above the five-year average for this time of year.
MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips

WWW.MTECHTIPS.COM
07489294118-119