​NatGas Bulls Rejoice: Colder Winter Lower 48 Forecasts May “Place Upward Pressure” On Prices – Tyler Durden

NatGas Bulls Rejoice: Colder Winter Lower 48 Forecasts May “Place Upward Pressure” On Prices The Energy Information Administration and the Natural Gas Supply Association recently released reports forecasting colder winter weather trends for the Lower 48. This may suggest heating demand is set to rise and could put a fire underneath NatGas prices, which have been trending in a multi-year slump due to elevated supplies and unusually warm weather.  Bloomberg cited the EIA report that forecasts NatGas demand among households in the US will be 5% higher based on cold weather predictions for the winter season, adding that households can expect higher power bills…  — Continue at ZeroHedge News : Read More