Expectations for a mild winter combined with strong natural gas production, robust storage and an anticipated small decrease in overall gas demand mean this winter will be “neutral” for pressure on gas prices, the Natural Gas Supply Association (NGSA) said Wednesday.
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Cool Weather Continuing, Yet August Called a Penny Higher
August natural gas is set to open a penny higher Wednesday morning at $4.11 as traders sense that fuel-switching may ultimately provide market support. Weather forecasts remain tempered. Overnight oil markets rose.
July 16, 2014
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