Market Watch

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January gas futures continued to slip Tuesday, ending the session down 4.7¢ at $3.747 per million Btu. The prospect of near normal storage inventories with this week's data and an unusually mild December is weighing on prices, but it is unlikely they can move much lower with the bulk of heating demand on the horizon. However, losses accelerated beginning in the spring with contracts down 7¢-8¢ through March 2020. The 12-month strip fell 6.9¢ to $3.693; the 2023 strip was down 3.6¢ to $3.372 (Futures contracts).

Gas Demand, Gas Inventories, Gas Supply, Gas Prices, Gas Pipelines
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