Dow Jones - Natural Gas Falls On Demand Concerns

DJ Natural Gas Falls on Demand Concerns


   By Nicole Friedman


  NEW YORK--Natural-gas prices fell Wednesday on continued concerns about demand.

  Futures for March delivery recently fell 1.0 cent, or 0.5%, to $2.015 a million British thermal units on the New York
Mercantile Exchange.

  Natural gas prices have dropped steeply this week. Demand for the natural gas as an indoor-heating fuel has been
subdued due to moderate weather across much of the U.S., and inventories of the fuel are above average levels. Weather
forecasts call for continued above-normal temperatures in the coming weeks.

  "The overnight change in weather forecasts was bearish again for the fourth consecutive day," said RBN Energy in a
note. "Temperatures are called to be slightly above normal for all days in the current 15-day forecast."

  Physical gas for next-day delivery at the Henry Hub in Louisiana last traded at $2.05/mmBtu, compared with Tuesday's
range of $2 to $2.055. Cash prices at the Transco Z6 hub in New York last traded between $1.90 and $1.95/mmBtu,
compared with Tuesday's range of $1.55 to $1.65.


  Write to Nicole Friedman at nicole.friedman@wsj.com


  (END) Dow Jones Newswires

  February 03, 2016 10:08 ET (15:08 GMT)

  Copyright (c) 2016 Dow Jones & Company, Inc.

020316 15:08 -- GMT
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