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Hotter Weather Trends Offer Support To Ailing Natural Gas Prices
Natural gas prices have suffered quite a decline over the last few weeks, thanks to very weak supply/demand balances. This has pushed to the commodity to multi-year lows.
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Another Bearish EIA Report Sends Natural Gas Prices To New Lows
For the third time in four weeks, a very bearish EIA report vs expectations sent natural gas prices significantly lower, with the July contract making fresh multi-year lows, settling under the $2.20 level.
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Have Natural Gas Prices Found A Bottom?
Cash firmed up in today's session with higher demand coming over the weekend and into Monday. This finally gave the green light to buyers that it was safe to at least dip their feet into the water.
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Hotter Weather Changes Help Extend Natural Gas Rally
While natural gas prices remain at very low levels historically, we have now put together nearly a 10 cent rally off the multi-year lows set late last week. The July contract closed the day up just over 4 cents, closing a tick under the $2.40 level.
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Natural Gas Prices Quietly Ease Off Multi-Year Lows
The natural gas world has been seeing lots of red lately as prices last week plummeted to new multi-year lows, with the July contract twice testing the $2.30 level before finding some support.
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What's Up With The EIA Misses?
For the second consecutive week, the natural gas market was hit with an EIA report that showed a much higher build than almost all of the market estimates.
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