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Friday, September 29, 2006

Lower Winter Heating Bills

Lower winter heating bills in the works? Not even a lower than expected storage build of 77 bcf last week could keep Natural Gas prices from falling, with the most-active November contract tumbling to a new contract low. Traders were looking for a build of 85 bcf in yesterday's EIA storage report, but the market still reacted negatively, as any storage build will continue to add to record inventory going into the winter. Read More....