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Natural gas falls 11 cents

Posted on: October 19, 2017

NG prompt contracts took a plunge to settle at $2.85 for the day with the Commodity Weather Group forecasting an extension in the muted weather conditions this Autumn, with market bulls still praying for a frigid Winter to tackle the supply build. From a longer-term viewpoint, China will continue to play its significant role in natural gas demand as it pushes towards LNG to mitigate pollution levels.

The EIA reported a 1.6% annual growth rate over the next five for NG with China making up 40% of that figure.


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