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Natural Gas Futures Notch Small Gain as Production Drops 2 Bcf/d; Cash Still Strong
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Natural gas futures rallied on Monday as production slipped, expectations for strong cooling demand increased and a cut to global oil supplies created potential support for LNG prices. Coming off a 1.4-cent gain Friday, the July Nymex gas futures contract gained 7.3 cents day/day and settled at $2.245/MMBtu to start the new trading week. August…June 5, 2023