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Natural Gas Futures End Year With Another Weekly Loss - Barron's

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Natural Gas Futures End Year With Another Weekly Loss

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Last Updated:
Dec. 29, 2023 at 3:37 PM EST Live Coverage Feed

44 min ago

Natural gas futures close out the year with a whimper as the front month falls for the seventh time in eight weeks as a mild December dampened demand and participants are left waiting for confirmation of much colder weather to lift use in January.

Natural gas for February delivery settles down 1.7%, or 4 cents, at $2.514/mBtu.

Gas prices rose after Thursday's above-estimate but below-average 87-Bcf draw on storage, but too little to avoid a loss going into the holiday weekend.

"National demand will be light through the weekend, then increase modestly next week as weather systems track across the Great Lakes and Northeast with highs of 20s to 40s, along with mild weather systems across the southern U.S. with highs of upper 40s to lower 60s," forecaster NatGasWeather.com says in a report.

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