Natural gas for three days of U.S. aerial high jump
Warmer than normal weather forecasts for U.S. states in the south to at least about 11 months later, on Monday raised expectations of demand for the fuel gas to regain his strength.
New York Mercantile Exchange for delivery of natural gas in October 2:02% jump term, USD3.842 per million British thermal units is traded on the U.S. in the morning.
USD3.853 per million British thermal units before September 21 the highest since 2.2% of the transaction is. USD3.662 Thursday October contract reached a million British thermal unit for at least 11 months.
Time Group tracks, previously announced, the United States U. S. south than normal are expected final warm-season should lead to a cooling demand of September 28.
According to the AccuWeather weather service provider, Houston and Dallas, September 28th at 100 degrees Fahrenheit (37 degrees Celsius), highs can reach the top.
GTC said the cold weather in the Midwest and Eastern U.S. October 5 to October 1 at least 3-5 degrees colder than average temperatures should be, which could boost demand for heating during the first week of early October.
Merchants late September and October, trying to measure the effects of heating and cooling demand change in status in recent weeks, the weather forecast for natural gas prices have closely followed.
Gas to stimulate demand - despite a strong earnings, a lot of Wall Street Bank, Citigroup, the price of natural gas outside the unusually cold weather, should remain under pressure in the coming weeks "in a previous report, and heating -. Or a hurricane in the Gulf of Mexico production”
Mild weather reduces demand for natural gas, often in time of use of the oil peak before recovering heat in the winter in October, low season is reached.
Heating oil fell 0.12% in November to trade at USD2.812 per bag to another part of NYMEX, sweet crude for November delivery term, USD79.45 a barrel, trading shed gallons of 0.49%.
No comments:
Post a Comment