U.S. Natural Gas Futures Shed Over 5% On Soaring Output ...Middle East

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U.S. Natural Gas Futures Shed Over 5% On Soaring Output
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U.S. natural gas futures shed around 5% on Tuesday, hitting a four-week low as soaring output coupled with lower demand forecasts drags prices down, despite the fact that inventories are 11% lower than their five-year norm.  U.S. natural gas was down 5.2% at 1:10 p.m. EST, to $8.38. Output is still holding strong after the latest report from the Energy Information Administration (EIA) for the week ending August 26, which showed a natural gas inventory build of 61 billion cubic feet. While that brings inventory to 2,640 Bcf, it is still 228…

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