US December natural gas futures expired Wednesday at $2.206 per million Btu, a marked improvement from the dismal November expiration of $2.033 but still weighed down by burgeoning US gas inventories and outlooks for lackluster heating demand in the month ahead. However, the market could be ready to establish a higher trading range once the withdrawal season gets under way. The January contract closed almost a dime higher than December at $2 .299 a nd could find some support from a seasonably strong draw now that it's assumed the prompt - month position.
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