Natural gas costs moved lower as traders responded to the EIA report. The report was bearish as stock develop surpassed expert expectations.
Natural gas production remains at high levels, and even hot weathercondition in the veryfirst half of summertime did not offer sustainable assistance to the market.
With no enhancements in supply/demand balance, bulls might hope that hot weathercondition would increase need for natural gas next week. However, current information reveals that stock levels continue to grow due to high production.
From the