Dow Jones Natural Gas - It Is All Downhill From Here

DJ Natural-Gas Market is Downhill from Here -- Market Talk

  11:23 EDT - The EIA says last week's draw from natural-gas stockpiles set a March record--but prices are still
falling. While the withdrawal at 198B cubic feet was a bit more than expected, the single-digit temperatures which
caused last week's strong demand are likely in the past. So traders are now looking down the other side of the
mountain--and they see mild spring weather which usually sends demand and prices plummeting. The US could stop draining
stockpiles and start adding to them as early as next week, about two weeks earlier than normal, says analyst Kyle
Cooper. While today's withdrawal was "a big number...considering the [current] temperature it's not very bullish. This
is definitely kind of it for winter." Nymex April natural gas is down 1% at $2.797/MMBtu. (tim.puko@wsj.com)

  (END) Dow Jones Newswires

  March 12, 2015 11:23 ET (15:23 GMT)

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031215 15:23 -- GMT
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