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Small Rally for Front Month as Depressed Natural Gas Futures Market Waiting on Weather

After recent heavy selling, signs of colder temperatures returning near the end of the 15-day outlook provided enough impetus for a modest natural gas futures rally Thursday; however, an on-target inventory report saw prices pull back a few cents. The February Nymex contract went on to settle 2.1 cents higher at $1.926/MMBtu after trading as high as $1.980. March settled at $1.904, up 0.4 cents. Read More