Natural gas trading range for the day is 195.5-199.5

Natural gas trading range for the day is 195.5-199.5.

Natural gas prices traded in range after the release of a report showing a slightly smallerthan-expected though still massive weekly storage draw.

US EIA said utilities pulled 204 bcf of gas from inventories during the frigid week ended March 8, the biggest withdrawal during the month of March on record.

Meteorologists held to their previous forecast for the next two weeks, projecting temperatures will remain mostly warmer than normal over the next two weeks.

Output in the Lower 48, meanwhile, fell to a near six-week low of 82.2 bcfd from a near two-week high of 87.5 bcfd earlier in the week.

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