NATURAL GAS NEWS 1/2/2024 UPDATE BEST TRADING TIPS FOR BEGINNERS BY https://www.youreasytrade.com GET MORE INFO CW/7302366166
Natural Gas Prices Increased Due To Decline In Daily Output.
Natural gas prices surged by 4.99%, settling at 223.1, driven by a decrease in daily output and revised forecasts indicating colder weather in mid-January.
Despite initial predictions of milder weather this week and the next, along with a slight decline in gas flow to U.S. liquefied natural gas export facilities, the market experienced an upswing.
The recent increase in natural gas prices occurred even as the weather forecast suggested lower heating demand. Mild weather in the short term allows utilities to draw less gas from storage due to reduced heating requirements.
