Natural gas settled up by 6.49% on forecasts of cooler than normal weather through the rest of December, even as production rose to a new record high.
U.S. gas consumption will rise to an average of 122.2 billion cubic feet day next week from 102.4 bcfd this week.
Combination of oversold technical conditions and periodic cold weather blasts, the market is vulnerable to a few dramatic short-covering rallies.
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