Natural gas dropped as the market focused more on an increase in production to near record levels instead of forecasts for warmer weather.
In addition to the heat, demand was expected to rise as the amount of gas flowing to liquefied natural gas export terminals increased to an all-time high.
The amount of gas in storage has remained below the five-year average since September 2017. It peaked at 33% under the five-year average in March 2019.
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