Reported 2 days ago
Natural gas prices fell on Friday to a three-week low, continuing losses from Thursday after the EIA reported a larger-than-expected increase in inventories. With US natural gas supplies now 6.3% above the five-year seasonal average and forecasts predicting cooler weather, demand from electricity providers is expected to decrease, further pressuring prices. Additionally, US natural gas production remains high, contributing to bearish market sentiment.
Source: YAHOO