US natural gas December contract rises 4.6% to $3.140 during trading on the 9th
Original headline미 천연가스 12월물, 9일 장중 4.6% 올라 3.140달러
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US natural gas December futures rose 4.6% intraday on November 9 to $3.140 per million BTU, the highest front-month intraday level since October 19, as of 10:45 a.m. Eastern time, ZeroHedge reported. The move was driven by forecasts from private weather firm BAMWX for a cold front sweeping parts of the Midwest and Eastern Corn Belt, with temperatures expected to fall to or below seasonal averages on November 12-13, while the West stays relatively warm. The National Weather Service's Climate Prediction Center also flagged the season's first accumulating snow for parts of the Mid-Atlantic and Northeast, particularly at higher elevations. The gains matter because early-season heating demand signals tighten the supply-demand balance for gas ahead of winter withdrawal season. Traders will watch whether the cold push persists in updated forecasts and whether the front-month contract holds above the October 19 high.
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U.S. natural gas December futures, BAMWX, National Weather Service, ZeroHedge