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US Natgas Falls Back from Earlier Gains

NATGAS

US Natgas reverses earlier gains with low demand, high production and near normal storgae offsetting the increased LNG gas deliveries and optimism for the return of Freeport LNG.

  • Front month has pulled back from a high of 2.58$/mmbtu earlier today to trade back negative on the day. Prices were earlier supported by a partial shipment from Freeport LNG storage tanks and with slowly increasing feedstock supplies.
  • US Natgas MAR 23 down -1.1% at 2.49$/mmbtu

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