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Short-term cold was enough to swing the natural gas market higher Tuesday, boosting January prices more than a dime even as weather data changed very little day/day. The Nymex January futures contract settled at $4.457, up 11.8 cents. February rose 14.8 cents to $4.305, and March edged up 16.9 cents to $3.937.

January natural gas futures were trading 9.3 cents higher at $4.550/MMBtu shortly before 9 a.m. ET, with short-term cold offering support for the bulls as forecasters pointed to mixed trends in the weather data overnight.

Schlumberger Ltd. is signaling a sharper-than-expected sequential decline in profits for the fourth quarter because of a “significantly larger drop in activity” than expected, a top executive said Tuesday.

The Department of Energy on Tuesday unveiled a long-awaited report demonstrating the feasibility of developing a natural gas liquids storage hub in the Appalachian Basin that it says would increase supply and geographic diversity for the nation’s petrochemical and plastics industries.

Denver-based ARB Midstream LLC said it has partnered with Vitol US Holding Co. to acquire the crude oil Red River Gathering System, which serves the Midcontinent and the Barnett Shale, and has rebranded the acquisition as the Texoma Crude Oil Pipeline System.

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