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April Natural Gas Futures Extend Losing Streak to Three Days Amid Demand Uncertainty; Spot Prices Sputter


April Natural Gas Futures Extend Losing Streak to Three Days Amid Demand Uncertainty; Spot Prices Sputter
Natural gas futures drifted lower for a third consecutive session on Friday as mild fall weather and a heaping of uncertainty created by an exceptionally bearish government inventory report countered optimism about export momentum and the trajectory of the U.S. economy.
The April Nymex contract settled at $2.701/MMBtu, down 4.5 cents day/day. May fell 4.2 cents to $2.739.
NGI’s Spot Gas National Avg. shed 25.0 cents to $2.755.
Liquefied natural gas (LNG) export levels on Friday topped 11 Bcf, hanging near record levels after rebounding from the interruptions imposed by the Arctic storm and frigid temperatures that derailed the Texas energy sector in February. LNG feed gas volumes had plunged to near 1 Bcf at the mid-February low. ....

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Natural Gas Futures Lose Momentum, Snap Win Streak - Natural Gas Intelligence


Natural Gas Futures Lose Momentum, Snap Win Streak
BREAKING: U.S. EIA reports a paltry withdrawal of 98 Bcf from natural gas storage for the week ended Feb. 26
Diminished near-term weather demand dragged spot gas prices lower across parts of the Lower 48 Wednesday
Natural gas futures failed to find footing on Wednesday, seesawing between small gains and losses throughout the session before ultimately ticking down amid mild temperatures across the country and a dearth of new price catalysts.
The April Nymex contract settled at $2.816/MMBtu, down 2.3 cents day/day and snapped a two-day win streak to start the trading week. May fell 2.6 cents to $2.849. ....

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