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U.S. Natural Gas Futures Contained As Summer Advances

0935 ET – U.S. natural gas futures are little changed, struggling to gain traction despite this week's small inventory build and jump in LNG feedgas flows. 'With storage surpluses to challenge 200 Bcf above five-year norms next week and the heart of hurricane season looming, natural gas may retest support after next week's heat wave fades and it settles into a new late-summer trading range,' Eli Rubin of EBW Analytics says in a note. 'While daily cooling demand will continue higher into early next week, forecasts have receded across the Gulf Coast and Southeast.' Nymex natural gas is off 0.3% at $3.057/mmBtu. (anthony.harrup@wsj.com)
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