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Natural gas futures traded in a holding pattern Wednesday as a seemingly loose supply/demand picture kept the bulls from gaining any traction despite the arrival of December cold.

January natural gas was set to open about 8 cents lower Thursday at around $2.834/MMBtu after some warm changes showed up in the overnight weather data.

Enterprise Products Partners LP said Wednesday it intends to convert one of its natural gas liquids pipelines in the Permian Basin to move crude oil to the Texas Gulf Coast by 2020. 

The Energy Information Administration reported a net injection into U.S. gas stocks for the week ended Dec. 1, a bearish miss on what was already a bearish consensus leading up to the report.

Kevin McIntyre, an attorney with Jones Day who has served as co-head of the law firm’s global energy practice, was sworn in...

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