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US natgas prices edge up to 8-month high on rising exports, cooler forecast
U.S. natural gas futures edged up about 1% on Monday to a fresh eight-month high on rising exports and forecasts for cooler weather and higher heating demand next week than previously expected. Gas futures were also supported by worries about global energy supplies that boosted oil and gas prices around the world due to tensions in the Middle East and possible strikes by workers at liquefied natural gas (LNG) export plants in Australia. Oil prices CLc1, LCOc1 surged over 4% as military clashes between Israel and the Palestinian Islamist group Hamas ignited fears of a wider conflict in the Middle East. O/R In ... (full story)