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COM - Texas Waha nat gas price negative now but forwards at multiyear highs
Direxion Auspice Broad Commodity Strategy
Spot natural gas prices (NG1:COM) at the Permian Basin's Waha hub have dropped to their lowest in a year, but longer-term Waha forwards are trading at multiyear highs on expectations that gas supplies will fall as record low crude prices cause energy firms to cut rigs.
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