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U.S. Natural Gas Futures Extend Losing Streak - Barron's

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U.S. Natural Gas Futures Extend Losing Streak

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Stock Market News: Dow Falls 500 Points After CPI Inflation Report

The S&P 500 and Nasdaq Composite also dropped. Treasuries rose. Oil futures were higher for a seventh consecutive session.

Last Updated:
Feb. 13, 2024 at 4:39 PM EST Live Coverage Feed

2 hours ago

U.S. natural gas futures test fresh three-and-half-year lows with the market unconvinced that a cold snap at the weekend and into early next week will do much to counter the expected increase in surplus storage, particularly as U.S. production recovers to near record levels.

"Natural gas is plummeting to a level where many providers may be put out of business," Phil Flynn of the Price Futures Group says in a report. "We think the bloodletting should be coming to an end, but a drop in temperatures could help bail some producers out."

Natural gas for March delivery falls for a seventh straight session, settling down 4.5% at $1.689/mmBtu after dipping as low as $1.654/mmBtu.

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