U.S. natural gas futures fell 2% on Friday on predictions that the weather over the next two weeks won’t be as cold as originally expected. Front-month Henry Hub natural gas futures for January delivery fell 13.4 cents or 2.08% to $6.598 per million British thermal units at 11:36 a.m. ET—on track for a 6% dip on the week.
Gas stockpiles are still more than 2% below the five-year average for this time of year, but the warmer weather may offer utilities—who have been struggling with the low inventories—a chance to leave more…Poland Approves $60 G7 Oil Price Cap
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