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GAZB - Natural Gas Heading Into The Peak Season For Demand
Barclays Bank PLC
Natural gas slipped under the $2.30 per MMBtu level over recent sessions. The price of the energy commodity has been under pressure after a rally that failed at the $2.745 per MMBtu level on the nearby November futures contract on September 17. Since that day, the price of natural gas has posted a loss in fourteen out of eighteen trading sessions as of October 10
We are coming into a time of the year when the injection season will end, and inventories around the United States will begin to decline. At the end of September,