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Pattern Too Mild for Well-Supplied Natural Gas Market as Futures Prices Plunge

The latest forecasts Monday failed to deliver the kind of intense cold needed to impress the natural gas futures market, lowering heating demand expectations into early next month and prompting a steep sell-off. The December Nymex contract settled at $2.566/MMBtu, down 12.2 cents from Friday. The January contract dropped 12.0 cents to $2.630. Read More