Natural-gas prices surge 22% in October as traders look to winter heating demand

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Natural-gas prices posted a gain of 22% in October to erase around half of their year-to-date decline, with traders assessing the fuel’s demand outlook as the market heads into the winter heating season.

On Tuesday, the front-month December natural-gas futures contract NGZ23 NG00 settled at $3.58 per million British thermal units, up 22 cents, or nearly 6.7%, for the session.

Prices…

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