Natural gas futures advanced for a fourth straight session as cash market activity continued to strengthen and amid conjecture that factory demand will strengthen after Federal Reserve data showed a 0.2% increase in US industrial production

摘要

There was also a slight rise in the utilization of production capacity at manufacturing plants and electric and gas utilities, which now stands at 74.7%. In spite of today's gains, October gas is showing indications that a downside correction may be in order on Thursday. “Most of tomorrow's attention is going to be on the gas storage data,” said a gas trader in Ohio. “If the number comes in higher than about 95 Bcf, then we could easily see some of the premium get knocked out of the contract.”