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Natural Gas Eases Ahead Of US Inventory Data

18 Aug 2022 , 11:55 AM

The US Natural Gas futures fell yesterday, dropping from a near 14 year high as profit selling took a toll on sentiments. The counter currently trades flat at $9.25 per mmbtu. Market is waiting for the US weekly gas inventory data today. Prices shot up this week on high demand as extremely high temperatures through much of the country are boosting the use of air conditioning. Gas market remains well elevated globally as Russian supply squeeze continues to dominate sentiments.Powered by Commodity Insights

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