After extreme cold in February led to lower-than-average natural gas storage levels in the United States through the summer, concerns about winter weather are contributing to volatile natural gas prices as the winter heating season begins. In its November Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) estimates that U.S. natural gas storage levels had built to within 3% of the previous five-year average at the end of October.

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