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Natural Gas Futures Prices Mixed as Traders Assess Late November Cold and Soaring Production
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Natural gas futures prices fluctuate as traders weigh late November cold weather and soaring production. Concerns of potential oversupply lead to falls below $3. The lack of access to prior weeks storage data due to a planned EIA systems upgrade causes potential price volatility. US natural gas prices reach $3 per mmBtu, the highest since January, after a smaller-than-expected storage build. Prices are nearing the $3 level of resistance.
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How might the lack of access to prior weeks storage data impact the natural gas market?
What are the potential implications of the concerns of potential oversupply?
What factors are contributing to the decline in record daily production and the huge stockpile overhang?
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