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US natural gas futures fell to a two-month low on Monday as record output and mild weather limited heating demand. Lower-48 output averaged 107.4 bcfd in November, up from a record 104.2 bcfd in October.
Record supply and limited heating demand point to lower gas prices, which reduces energy input costs for feed processors.
brecorder.comReutersNov 27, 2023After 104 past bearish weather events, Natural Gas moved a median -7.8% over 5 sessions (22% higher; middle half -14.8% to -0.8%), and -3.3% over 20.
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.
