U.S. natural gas futures edged up about 1% on Friday with seasonally colder weather coming in mid-November and as the amount of gas flowing to U.S. liquefied natural gas (LNG) export plants rose to near-record highs.
Even though winter is coming,meteorologists projected temperatures would remain higher than normal through mid-November, limitingheating demand.
In addition, traders noted record output and ample amounts of gas in storage were capping price gains. There was currently about 6% more gas in storage than usual for this time of year.
Diversified Energy Company plc (LON:DEC), formerly Diversified Gas & Oil plc, is a gas and oil production company operating in the Appalachian Basin in the United States.