Dow Jones - Natural Gas Falls On Weather Outlook

DJ Natural Gas Falls on Weather Outlook



  By Nicole Friedman


  NEW YORK--Natural gas futures fell Tuesday as forecasts continued to call for moderate indoor-heating demand.

  Futures for March delivery recently fell 2.1 cents, or 1.2%, to $1.80 a million British thermal units on the New York
Mercantile Exchange.

  Limited demand for natural gas as an indoor-heating fuel has pushed the market into oversupply this winter.
Stockpiles as of Feb. 12 stood 26% above the five-year average for this time of year.

  Weather forecasts for the next two weeks called for warmer weather than previously expected, according to Commodity
Weather Group LLC, lowering expectations for natural-gas demand.

  Physical gas for next-day delivery at the Henry Hub in Louisiana last traded at $1.80/mmBtu, compared with Monday's
range of $1.80-$1.865. Cash prices at the Transco Z6 hub in New York last traded at $1.75/mmBtu, compared with Monday's
range of $1.66-$1.675.


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


  (END) Dow Jones Newswires

  February 23, 2016 10:02 ET (15:02 GMT)

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

022316 15:02 -- GMT
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