EPIC COMMODITY UPDATE: NATURAL GAS
Posted: Mon Dec 03, 2012 3:13 am
Front-month gas futures on the New York Mercantile Exchange ended down 8.7 cents at $3.629 per million British thermal units. The nearby contract lost 8.7 percent this week in its biggest weekly decline in five months
We expect Natgas prices to be down as mild weather forecasts for next week should slow down heating demand for Natural gas and a government report showed that gas production in September had climbed to a record high which can increase the supply surplus pushing the prices further down
We expect Natgas prices to be down as mild weather forecasts for next week should slow down heating demand for Natural gas and a government report showed that gas production in September had climbed to a record high which can increase the supply surplus pushing the prices further down