We have updated our privacy policy and terms & conditions. Find out more here.
7
 

Natural falls as forecasts call for break in winter weather conditions

By Investing.comCommoditiesDec 27, 2012 07:31PM GMT Add a Comment
 
AA
+
-
Investing.com - Natural gas futures fell on Thursday after a powerful winter storm that ploughed across the Midwest and through the northeastern U.S. began to ease, with forecasts for warmer weather on the way.

Natural falls as forecasts call for break in winter weather conditions
On the New York Mercantile Exchange, natural gas futures for delivery in February traded at USD3.410 per million British thermal units, down 0.42%.

The winter storm that gripped much of the U.S. in recent days began to dissipate by midweek, with some investors worried the storm may not have pushed down temperatures long enough to significantly boost demand for natural gas, which is used to heat households and businesses.

Meanwhile forecasts for warmer temperatures sent investors selling the commodity as well.

Weather service provider MDA Weather said earlier that it expected temperatures for most of the U.S. to a warm up within the next two weeks.

The heating season from November through March sees peak demand for U.S. gas.

About half of U.S. households use gas for heating purposes, according to Energy Department data.

Elsewhere on the NYMEX, light sweet crude oil futures for delivery in February were down 0.10% and trading at USD90.89 a barrel, while heating oil for February delivery were up 0.44% and trading at USD3.0490 per gallon.





Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related Articles

Add a Comment

 

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Crude Oil
 
 
 
Are you sure you want to delete this chart?
 
 
 
Are you sure you want to delete this chart?
 
 
 

Successfully Reported

Thank you. This comment has been flagged for a moderator.
_touchLoadingMsg