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Energy Insider Blog

Market Shrugged Bullish NG Inventory Data as Traders Focus on Storage Surplus and Cooler Temperatures Ahead

Posted by Alberto Rios on Aug 17, 2012 1:37:00 PM

Energy Outlook 8/16/2012

describe the imageA shift in weather forecasts, calling for milder weather for consuming regions has pushed NG futures down as traders expect a decline of cooling demand. On the flip side, above normal nuclear outages are boosting demand for NG. We expect to see choppy trading in the near future.

 

 

   

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