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December gas futures edged up 0.3¢ to $6.776 per million Btu on Tuesday, falling back from an advance on $7. But while December topped out at $6.976 Tuesday, the forward curve surged, with the remaining winter contracts up almost 20¢ at the close. Why? Traders might be factoring in a milder end to November and heavier demand beginning next month, or anticipating the restart of Freeport LNG in mid-December. The 12-month strip rose 9¢ to $5.723; the 2023 calendar strip was up 9.2¢ to $5.637 (Futures contracts).

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