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Commodities

Natural Gas Futures Recover Above $3 Amid Supply Drop

Guavy AI Editorial Team
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Natural Gas
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November natural gas futures saw a rebound on Monday morning, climbing above the $3.00/MMBtu mark after an early drop. The sharp decline in supply from the Lower 48 region provided a boost, despite forecasts for mild weather that typically reduce demand.

As of 11:52 a.m. ET, the November New York Mercantile Exchange futures were trading at $3.063, up 2.8 cents from previous levels. This rebound comes as market participants closely watch supply levels and weather patterns, which significantly influence natural gas prices.

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