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Speculation Over Freeport LNG Repairs Sinks Natural Gas Futures — MidDay Market Snapshot
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Markets
North American natural gas forwards rallied across the 2024 strip during the May 2-8 trading period as sagging production readings and an incrementally supportive LNG export outlook stirred bullish optimism. Benchmark Henry Hub set the tone, with June fixed prices rallying 25.5 cents week/week to reach $2.194/MMBtu, according to NGI’s Forward Look. Negative Basis in…
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