By FX Empire.com
Natural gas prices rose on Thursday from their lowest level in a year, as the EIA report showed natural gas stockpiles increased last week below expectations, which provided natural gas with strong bullish momentum, where the EIA report showed that natural gas inventories increased by 19 billion cubic feet, compared with the prior increase of 37 billion cubic feet, and below median estimates of 27 billion cubic feet.
Traders are likely to continue their attention on weather developments, where weather forecasts suggest this winter season could be the coldest in a decade, which should provide natural gas prices with bullish momentum on expectations of rising demand for natural gas as heating fuel.
Originally posted here
