Natural gas futures careened on Wednesday amid profit-taking and expectations for a relatively plump storage increase for mid-November. The December Nymex contract dropped 36.1 cents day/day and settled at $4.816/MMBtu. January fell 35.6 cents to $4.914.

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At A Glance:

NGI’s Spot Gas National Avg. shed 18.5 cents to $4.845.

The prompt month had advanced more than 38 cents over the first two trading sessions of the week, buoyed by European supply concerns and hints of winter cold that could fuel stronger heating demand.

But traders concluded the rally was overcooked,...