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Natural Gas Futures Retreat Awaiting Colder Weather - Barron's

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Natural Gas Futures Retreat Awaiting Colder Weather

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34 min ago

Natural gas futures give back some of last week's gains as temperatures are expected to stay milder-then-normal through the end of the month, limiting demand for heating fuel and contributing to smaller-than-usual draws on storage.

"The overhang of high storage is keeping a cap on prices and for real demand to show we will need to see some major Artic air to appear," BOK Financial's Dennis Kissler says in a note. "Demand may be better than current projections, but it will take a weather event for it to show."

Natural gas for January delivery, which expires Wednesday, settles down 2.3% at $2.550/mmBtu.

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