The prices of natural gas for October, as traded on the Nymex market, saw a notable increase on Monday. The closing price rose by 0.084, representing a 3.18% increase. This upward trend can be attributed to both pipeline maintenance activities and weather forecasts indicating above-normal temperatures in the Great Lakes and Texas regions. According to the Commodity Weather Group, while the East Coast and West Coast can expect mostly normal temperatures, above-normal temperatures are expected elsewhere.
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Natural Gas Prices Rise Due to Weather Conditions
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