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Natural Gas Prices Surge To Close Out Month - The Wall Street Journal

The Wall Street Journal · last updated

Natural Gas Prices Surge To Close Out Month - WSJ

Oct. 31, 2023 3:18 pm ET

1508 ET – Natural gas futures rise 6.7% to $3.575 per mmBtu. That marks a 22.1% climb for the month, though prices are still down 21% for the year. Changing weather forecasts continue to be the main factor behind movement in natural gas. “During this extreme price volatility, trading will become difficult and rather than attempting to pick precise entry points from either side of the market, grabbing the middle 40-50% of these large swings would appear to represent a more viable strategy,” says Ritterbusch and Associates. ( kirk.maltais@wsj.com; @kirkmaltais)

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