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Natural Gas Rallies on Prospects of Colder Weather - The Wall Street Journal

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Natural Gas Rallies on Prospects of Colder Weather - WSJ

Updated Nov. 13, 2023 3:10 pm ET

1507 ET – Natural gas futures snap a five-session losing streak on prospects for colder weather ahead with the December contract settling up 5.4% at $3.197/mmBtu. Forecasts for colder weather moving in to the northern and western US prompted some short-covering early in the session, but with US and European storage levels well supplied and US production near record highs, “there is plenty of supply to counteract,” says Dennis Kissler at BOK Financial in a note. December natural gas remains technically bearish, he adds. ( anthony.harrup@wsj.com)

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