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Moderating Forecasts Send Natural Gas Futures, Spot Prices Plunging

Another weekend shift in the weather outlook sent natural gas futures plunging Tuesday as guidance indicated cold temperatures to close out January could fizzle out sooner rather than later. In the spot market, forecasts for a warm-up following Monday’s intense cold blast helped drive discounts across most regions; the NGI Spot Gas National Avg. sank $1.415 to $3.105/MMBtu. Read More