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US natgas prices edge up 1% on rising feedgas to Freeport LNG in Texas
U.S. natural gas futures edged up around 1% on Monday as the amount of gas flowing to the country’s liquefied natural gas (LNG) export plants increases after Freeport LNG’s facility in Texas returned to near full service over the past few days. That price increase came despite forecasts for milder weather and lower gas demand over the next two weeks than previously expected. Front-month gas futures for October delivery on the New York Mercantile Exchange rose 1.3 cents, or 0.5%, to $2.657 per million British thermal units (mmBtu) at 7:03 a.m. EDT (1103 GMT). With U.S. gas prices up about 1% last week, speculators ... (full story)
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- Posted: Sep 18, 2023 10:45am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 86
