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Stock impact report

US natgas futures slip 1% on rising output, forecasts for less demand [Yahoo! Finance]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: Yahoo! Finance
Aug 11 (Reuters) - U.S. natural gas futures extended losses on Friday, weighed down by rising output and forecasts for less demand over the next two weeks than previously expected. Front-month gas futures for September delivery on the New York Mercantile Exchange were down 3.3 cents, or 1.2%, to $2.73 per million British thermal units (mmBtu) at 10:24 a.m. EDT (1424 GMT), after dropping 6.6% on Thursday. However, the contract was still up 5.8% so far this week. "The biggest factor is that our production is still going strong. The EIA storage report certainly has shown that the production is strong enough to meet the domestic demand despite the abnormally high temperatures for the last week," said Zhen? Zhu, managing consultant at C.H. Guernsey and Co in Oklahoma City. The U.S. Energy Information Administration (EIA) reported on Thursday that utilities added 29 billion cubic feet (bcf) of gas into storage during the week ended Aug 4. That was slightly bigger than the 25-bcf build anal Show less Read more
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