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US natgas prices up 2% to two-week high on daily output drop
U.S. natural gas futures climbed about 2% to a two-week high on Tuesday with a drop in daily output and 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 6.4 cents, or 2.4%, to $2.792 per million British thermal units (mmBtu) at 8:48 a.m. EDT (1248 GMT), ... (full story)
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- Posted: Sep 19, 2023 10:59am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 86
