Dow Jones - Natural Gas Falls On Weak Demand Expectations

DJ Natural Gas Falls on Weak Demand Expectations


   By Nicole Friedman


  NEW YORK--Natural-gas prices slipped Wednesday as traders eyed growing storage levels.

  Moderate weather has kept demand for the heating fuel subdued, allowing storage inventories to grow above average
levels.

  Forecasts released Wednesday showed warmer weather in the next two weeks than previously expected, with East Coast
cities seeing temperatures above 60 degrees, according to Commodity Weather Group LLC.

  Natural-gas futures for December delivery fell 0.6 cent, or 0.3%, to $2.314 a million British thermal units on the
New York Mercantile Exchange.

  "This market continues to experience difficulty in sustaining occasional daily price advances," said energy-advisory
firm Ritterbusch & Associates in a note. Price gains "will obviously require some shift in the 1-2 week temperature
views away from this fall's milder trends."

  Natural-gas inventories stood 3.9% above the five-year average for this time of year as of Oct. 30, according to the
Energy Information Administration. Inventory data for the week ended Nov. 6 will be released Friday, one day later than
usual due to a federal holiday.

  Physical gas for next-day delivery at the Henry Hub in Louisiana last traded at $2.1175/mmBtu, compared with
Tuesday's range of $2.095-$2.14. Cash prices at the Transco Z6 hub in New York last traded at $1.52/mmBtu, compared
with Tuesday's range of $1.57-$1.70.


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


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  (END) Dow Jones Newswires

  November 11, 2015 10:22 ET (15:22 GMT)

  Copyright (c) 2015 Dow Jones & Company, Inc.

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