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Natural Gas Prices Plummet as Cooling Demand Fades

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Natural Gas
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Natural gas futures plummeted on Tuesday after briefly topping $3.00/MMBtu, as fading cooling demand outweighed strong LNG feedgas needs.

The price drop was particularly sharp in October, which fell from its previous high of $3.00 to lower levels.

LNG demand remained strong despite the decline in power burn, which dropped sharply on Tuesday.

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