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    market news

    Natural Gas Falls After Rising for Six Days

    Charlotte McLeod
    Oct. 03, 2012 12:17PM PST
    Oil and Gas Investing

    Reuters reported that after rising for six days in a row, US natural gas futures fell as a result of profit taking in anticipation of Thursday’s weekly inventory report. Cooler weather — and thus increased demand for gas-based heating — is still forecast for much of the US.

    Reuters reported that after rising for six days in a row, US natural gas futures fell as a result of profit taking in anticipation of Thursday’s weekly inventory report. Cooler weather — and thus increased demand for gas-based heating — is still forecast for much of the US.

    As quoted in the market news:

    At 1:15 p.m. EDT (1715 GMT), front-month gas futures on the New York Mercantile Exchange was down 16.2 cents, or 4.6 percent, at $3.369 per million British thermal units after sinking midday to an intraday low of $3.354. The nearby contract on Tuesday posted a 2012 high of $3.546.

    Click here to read the full Reuters report.

    gas futuresmarket newsnatural gas futures
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