BY CHRISTIAN BERTHELSEN
NEW YORK—A tepid report on natural-gas inventories was enough to send futures swooning Thursday, closing at another 10-year low.
The reaction in the market shows just how bearish traders have become about the prospects for natural gas, which is suffering through a dismal end to the heating season because of a supply glut caused by robust production and slack demand. Gas is a key component in heating, and demand typically rises as temperatures fall.
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