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Rich Asplund

FOUND: Nat gas prices fall as hurricane milton threatens power demand - What They Never Told You

Hurricane Hurricane Milton Nymex United States Electricity BNEF Natural Gas

November Nymex natural gas (NGX24) on Monday closed down by -0.108 (-3.78%).

Nov nat-gas prices Monday tumbled to a 2-week low and closed sharply lower on the outlook for demand destruction from Hurricane Milton. The hurricane has strengthened into a powerful Category 5 storm and will likely knock out electricity in Florida and decrease demand from power plants to produce electricity.

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