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Natural Gas Market Talk | 10.04.2024

Prices giving up some of the recent gains on Friday, but fundamentals still look supportive

Natural gas futures ran into stout resistance surrounding $3.00 per MMBtu this week, as traders weigh growing heating needs in the East against lingering warmth in western two-thirds of the country. Meanwhile, production continues to lag year-ago levels, and the storage surplus is shrinking quickly.

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