US natural gas futures fall 5.8% for fourth straight session
Natural gas futures dropped 5.8% to $2.790/MMBtu, extending losses to a fourth consecutive session on bearish algorithmic positioning and warmer early-November weather forecasts.
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US natural gas futures fell 5.8% to $2.790/MMBtu, marking a fourth straight session of losses.
Algorithmic traders increased bearish positions, while warmer forecasts through early November reduced expectations for heating demand.
The mix of selling pressure and mild temperature outlooks kept the contract under pressure.
Source: First Squawk