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Natural Gas Dropped As Near-Record Output And Mostly Mild Weather Depress Demand.

Natural gas experienced a decline of -2.6%, settling at 161.2, attributed to the increase in output and a reduction in gas flow to liquefied natural gas (LNG) export plants.

Traders noted rising production as gas wells resumed operations after freezing during extreme cold in mid-January. However, LNG feedgas remained low, primarily due to an ongoing unit outage at Freeport LNG’s export plant in Texas. 

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