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Market Watch: Gas Futures Recover on Warmer Forecasts
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October gas futures climbed 4.7¢ Tuesday to $2.853 per million Btu as warmer forecasts issued overnight ended a three-session, 9.5% slide.
But “time is nearly out for late summer heat to inflict damage,” NatGasWeather.com said.
“Weather patterns will soon need to be colder-than-normal to be considered bullish, which none of the long-range data [are] showing for the next two to three weeks.”
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