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ZEROHEDGE
::. 1029 day ago.
"US Flips Into Withdrawal Season" As NatGas Prices Surge
"US Flips Into Withdrawal Season" As NatGas Prices Surge US natural gas prices jumped Wednesday on a combination of thin holiday trading ahead of Thanksgiving, colder weather forecasts, and a bigger-than-expected draw in inventories. Futures in New York for December jumped as high as $7.60/mmbtu, or about 82 cents, on cooler forecasts, peaking around 0900 ET. Prices slid from the high but gained slightly after EIA reported a bigger-than-expected draw in inventories at 1030 ET.
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