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US natgas prices jump 4% on colder forecasts, record LNG export feedgas
U.S. natural gas futures jumped about 4% to a one-week high on Monday on forecasts for colder weather and higher heating demand in late November than previously expected and as record amounts of gas flow to U.S. liquefied natural gas (LNG) export plants. That price increase occurred even though drillers kept pulling record amounts of gas out of the ground and forecasts for mostly mild weather over the next 10 days that should allow utilities to keep injecting gas into storage for a couple more weeks. After declining for five days in a row, front-month gas futures for December delivery on the New York Mercantile ... (full story)