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US natgas holds near 2-week low as forecast for cold late November offsets record output
U.S. natural gas futures held near a two-week low on Friday as bullish forecasts for colder weather around the U.S. Thanksgiving holiday and record amounts of gas flowing to liquefied natural gas (LNG) export plants offset bearish forecasts for mild weather over the next 10 days or so and record output. That mild weather this week and next will limit heating demand and, along with record output, should allow utilities to keep injecting gas into storage through at least late November. Front-month gas futures for December delivery on the New York Mercantile Exchange were up 0.7 cents, or 0.2%, to $3.048 per million ... (full story)