DJ Natural Gas Extends Losing Streak to Third Session
By Timothy Puko
Natural-gas prices fell for a third-straight session as forecasts for warmer weather signaled soft demand.
Natural gas for March delivery settled down 1.1 cents, or 0.4%, at $2.716 a million British thermal units on the New
York Mercantile Exchange. The market has lost 3.8% since the close on March 11.
Forecasts called for increasingly warm weather over the weekend, with more above-normal temperatures than previously
expected to cover most of the country at the start of next week. About half of U.S. homes use natural gas for heating
fuel, making winter weather a primary driver for demand.
"The market has spring on its mind, but not in its step," Matt Smith, an analyst at consultant Schneider Electric SA
in Louisville, Ky., said in a note.
Forecasts do also show cooler-than-normal temperatures settling in later next week. That limited losses, discouraging
deep short-selling, or bets against natural gas, Aaron Calder, senior market analyst at energy-consulting firm Gelber &
Associates in Houston, said in a note.
"The market...is wary of putting on new shorts, but will wait until weather models shift before any rally occurs," he
said.
FUTURES SETTLEMENT NET CHANGE
Nymex April $2.716 -1.1c
Nymex May $2.739 -1.7c
Nymex June $2.787 -1.3c
CASH HUB RANGE PREVIOUS SESSION
El Paso Perm $2.35-$2.38 $2.34-$2.3675
El Paso SJ $2.35-$2.38 $2.34-$2.365
Henry Hub $2.645-$2.68 $2.67-$2.72
Katy $2.55-$2.59 $2.585-$2.65
SoCal $2.46-$2.495 $2.425-$2.47
Tex East M3 $1.90-$2.06 $1.58-$1.7575
Transco 65 $2.595-$2.64 $2.60-$2.70
Transco Z6 $2.60-$2.71 $2.40-$2.57
Waha $2.42-$2.485 $2.46-$2.50
Write to Timothy Puko at tim.puko@wsj.com
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(END) Dow Jones Newswires
March 16, 2015 17:07 ET (21:07 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
031615 21:07 -- GMT
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