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Natural Gas News: Will Lower Demand and Higher Production Drive Bearish Trend?
U.S. natural gas futures experienced a significant decline last week, driven by a combination of technical pressures and fundamental factors. The market saw a substantial sell-off and profit-taking after testing the 200-day moving average early in the week. Cooler weather forecasts and a key bankruptcy filing further exacerbated the downturn. Last week, Natural Gas futures settled at $2.520, down 0.106 or -4.04%. Natural gas prices fell sharply, reflecting adjustments after recent spikes. Increased production in response to high prices played a significant role. The U.S. Energy Information Administration (EIA) ... (full story)