Natural gas trading range for the day is 293.5-326.1

Natural gas trading range for the day is 293.5-326.1.

Natural gas fell as the market took a break from weeks of extreme volatility after daily production picked up a bit and forecasts calling for warmer-than-normal weather.

If warmer weather comes, heating demand would decline and utilities would likely leave more fuel in storage, which would trim the inventory deficit.

Stockpiles are about 19 percent below normal for this time of year, the lowest in around 16 years.

Since the middle of November, the combination of changing weather forecasts and low stockpiles have sent futures prices and volatility to their highest levels in years.

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