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US natural gas prices ease to 2-week low on record output, mild weather
U.S. natural gas futures eased about 1% to a two-week low on Wednesday on record output and forecasts for mild weather through late November, keeping heating demand low and allowing utilities to continue injecting gas into storage for a couple more weeks. Front-month gas futures NGc1 for December delivery on the New York Mercantile Exchange was down 3.5 cents, or 1.1%, to $3.105 per million British thermal units (mmBtu) at 9:29 a.m. EST (1429 GMT), putting the contract on track for its lowest close since Oct. 25 for a second day in a row. A bearish factor that has weighed on the futures market for much of this year ... (full story)