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US Gas Maintains Support

NATURAL GAS

US natural gas prices remain supported by cold weather conditions that have swept across most of the country, with forecasts supporting the outlook for heating demand until at least Christmas.

  • US temperatures are forecast to be near freezing in the days before Christmas with potential for the cold weather to stick around through the end of the year.
  • Against the weather backdrop, storage withdrawals should ramp up in the coming weeks.
  • US Natgas JAN 23 up 5.1% at 6.92$/mmbtu

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