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Natural Gas Breaks Through $3 for First Time in More Than a Year

from CNBC

Natural gas futures are surging nearly 3 percent to break through $3, a level not seen since May 21, 2015, in anticipation of a hot summer and strong demand. But prices have come off since early May, trending under $3 for most of the summer, as demand was within seasonal expectations. Today's price movement wasn't a surprise to technical traders who have been watching prices test key resistance levels. more

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