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Natural Gas Futures Retreat as Near-Term Warmth Offsets Tight Balances

Futures contracts tumbled Thursday, led by the prompt month, which sank after the U.S. Energy Information Administration (EIA) storage report showed a natural gas withdrawal largely in line with market expectations.

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At a Glance:

  • February futures down 11.8 cents
  • EIA reports 119 Bcf withdrawal
  • Losses spread across the forward curve

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