Natural gas prices were walloped on Friday, declining 7.5% and a contract low for the January 2020 futures contract. Prices tumbled as warmer than expected weather is forecast to move its way up from the Gulf and keep the weather warmer than normal for the next 6-10 and 8-14 days. Hedge funds likely continued to add to short positions, but there was little resistance this week as prices fell by 13%.
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