natural gas prices rose last week, as colder than expected weather conditions boosted speculations of rising demand for natural gas as a heating fuel. While the EIA report showed natural gas inventories increased by 9 billion cubic feet, below estimates of 18 billion cubic feet.
Traders will be focused on the weather forecasts, where cold weather conditions are expected to increase demand for natural gas, and that could push prices higher, since demand for the heating fuel would increase as a result.
Highlights for this week that will probably affect the Natural Gas direction are:
Thursday December 01:
At 15:30 GMT, The EIA will release the weekly natural gas storage change for the week ending November 25, where the prior report showed that natural gas inventories increased by 9 billion cubic feet.
Originally posted here
