Natural-gas prices have been hovering around $7, which is much closer to their long-term average. More warm weather in the near future will put even more downward pressure on natural-gas prices. |
The build recorded for the week compares to a five-year average draw for this time of the year of 90 billion cubic feet and a similar draw of 101 billion cubic feet recorded one year ago. |
With stocks at 47.9 pct above the five-year average, any upward momentum on futures prices is expected to be modest. |