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US natural gas futures fell more than 2% in thin holiday trading as record production and a mild short-term weather outlook limited heating demand. The front-month January contract settled at $2.55 per mmBtu.
Mild weather and record output keep the US gas market bearish near term. Cheaper gas lowers energy and fertilizer input costs for feed producers.
brecorder.comReutersDec 27, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
