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Commodities

Hot Weather Fails to Boost Natural Gas Prices

Guavy AI Editorial Team
Instruments
Natural Gas
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Natural gas futures lost ground on Thursday despite unseasonably hot near-term forecasts and significant year-over-year storage deficits in multiple regions, according to a report from Natural Gas Intelligence.

The EIA reported a 30 Bcf storage build, but natural gas prices failed to rally. In fact, October futures briefly tested above $3 before falling back.

The scorching September weather is expected to continue, but the market's reaction has been muted so far.

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