Natural Gas Little Changed on Fuel Inventories, Mild Weather

Natural gas was little changed near six-month lows in New York on surplus fuel inventories and mild weather that is forecast to damp demand for the heating fuel.

Heating use will be below normal in most of the U.S. through April 2, said David Salmon, a meteorologist with Weather Derivatives of Belton, Missouri, in his daily report.

“We’ve had all these stops and starts, with good news, bad news, good news, bad news,” said Michael Rose, director of trading at Angus Jackson Inc. in Fort Lauderdale, Florida. “That’s not enough to get natural gas out of the trend that it’s in.”

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- Posted: 2010-03-26 10:34:49

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