Natural Gas Holds Steady on Cold Weather Forecasts

Reuters reported that natural gas maintained gains reached earlier this week with forecasts of chilly temperatures in the U.S.

As quoted in the market report:

Prices are responding to the (colder) temperature outlook, and Thursday’s inventory draw should be well above last year, but we’re in the back nine of winter and we’re still going to have a lot of gas left in storage at the end of March,” said Eric Bickel, analyst at Schneider Electric in Kentucky.

To view the whole Reuters report, click here.